• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Starbucks to lay off 1,100 corporate workers as sales sag

by February 24, 2025
written by February 24, 2025

Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday.

The cuts will not affect workers at the company’s cafes.

In a message to corporate employees, Niccol said Starbucks is “simplifying our structure, removing layers and duplication and creating smaller, more nimble teams.”

“Our intent is to operate more efficiently, increase accountability, reduce complexity and drive better integration,” Niccol wrote. “All with the goal of being more focused and able to drive greater impact on our priorities.” 

The layoffs come as Starbucks tries to draw coffee drinkers back to its cafes after same-store sales declined for four straight quarters. As customers turn to cheaper rivals in Starbucks’ two largest markets, the U.S. and China, Niccol has tried to revamp operations since he took the helm of the company last year, including by speeding up service.

Starbucks had about 16,000 employees who work outside of store locations as of last year. The cuts will affect people who work in corporate support, but not roasting, manufacturing, warehousing and distribution.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump meets France’s Macron at White House, says ‘lot of progress’ made toward ending war in Ukraine
next post
Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

related articles

NBA star Russell Westbrook launches AI-enabled funeral planning...

May 7, 2025

AMD CEO calls China a ‘large opportunity’ and...

May 7, 2025

Judge allows lawsuit over Burger King’s Whopper ads...

May 7, 2025

Amazon’s Zoox robotaxi unit issues software recall after...

May 6, 2025

Rite Aid files for second bankruptcy in two...

May 6, 2025

Skechers to be acquired by 3G Capital in...

May 6, 2025

Temu halts shipping direct from China as de...

May 4, 2025

Jeff Bezos discloses plan to sell up to...

May 3, 2025

Netflix stock is trading at all-time high levels...

May 3, 2025

Data center boom in world’s largest market isn’t...

May 2, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Asian stocks jittery over uncertain rate outlook: Hang Seng slips over 1%,

    January 8, 2025
  • Biden’s vax-focused COVID-19 website obliterated by White House, replaced with ‘true origins’ virus guide

    April 18, 2025
  • Trump trial stemming from Jack Smith’s probe delayed past Election Day

    September 5, 2024
  • Fisker (FSR) Stock: Struggles, Surprises, and the Road Ahead

    September 2, 2024
  • Bitcoin price continues its bullish rally on Wednesday

    September 25, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,418)
  • Investing (593)
  • Stock (733)

Latest Posts

  • Judge denies Democrat-led effort to block DOGE access, citing lack of proven harm

    February 18, 2025
  • Iran vastly increased nuclear fuel stockpile ahead of Trump return, UN agency finds

    November 20, 2024
  • 5 key numbers that will decide the 2024 presidential election

    October 9, 2024

Recent Posts

  • International press reacts to Trump-Harris debate as world watches ‘fiery debate’

    September 11, 2024
  • White House removes Cuba’s state sponsor of terrorism designation, reversing Trump administration move

    January 14, 2025
  • OpenAI closes funding at $157 billion valuation as Microsoft, Nvidia, SoftBank join round

    October 3, 2024

Editor’s Pick

  • Dr. Marty Makary advances out of key committee in bid for FDA confirmation

    March 13, 2025
  • FBI investigating Iran’s hack of Trump campaign documents

    August 13, 2024
  • Netanyahu’s meeting at White House moved amid Biden’s COVID recovery, Harris campaigning

    July 23, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock