• 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
Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat
next post
Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

related articles

Build-A-Bear recalls roughly 36,000 Heart-Warming Hugs Bears

May 2, 2026

Thermos recalls 8.2 million bottles after stoppers eject,...

May 2, 2026

The Onion’s bid to take over Alex Jones’...

May 2, 2026

Republican state attorneys general join lawsuit to stop...

May 1, 2026

Companies must now quickly respond to stalking warrants...

May 1, 2026

Could an ‘8647’ T-shirt get you in trouble?

May 1, 2026

Graphic: Track U.S. and state gas prices

May 1, 2026

Trump briefed on options for Iran as energy...

May 1, 2026

FCC head says agency wasn’t pressured to order...

May 1, 2026

Trump signs executive order expanding access to retirement...

May 1, 2026
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

  • Darktrace Share Price: Company’s Price Forecast

    August 2, 2024
  • Bernie Sanders, AOC take aim at Trump and Musk, as well as Democrats, at western rallies

    March 21, 2025
  • The dollar index rose above 102.50 after Friday’s top news

    October 7, 2024
  • Trump says ‘I can’t believe I said that’ when asked if he still thinks Zelenskyy is a dictator

    February 28, 2025
  • ‘A lot of waste’: Blackburn and Ramaswamy talk DOGE cuts

    November 25, 2024

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

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

    July 21, 2024
  • 3

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

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,507)
  • Investing (2,559)
  • Stock (1,028)

Latest Posts

  • Big Lots files for bankruptcy protection as it promises to keep offering ‘extreme bargains’

    September 10, 2024
  • Kamala Harris underperformed Biden’s numbers with women. South Dakota’s governor thinks she knows why

    November 7, 2024
  • Fetterman hospitalized after fall near home in Pennsylvania

    November 13, 2025

Recent Posts

  • Experts gauge success of ‘bunker buster’ bombs dropped by US on Iran nuclear sites

    June 24, 2025
  • China accuses US of ‘turning space into a warzone’ with Trump’s Golden Dome missile defense project

    May 21, 2025
  • Forex Sheet Essentials: Your Guide to Smarter Trading

    July 11, 2024

Editor’s Pick

  • Hamas transfers coffin of dead hostage to Israel, IDF confirms

    October 20, 2025
  • Trump pauses oil exec summit to peek at White House ballroom’s progress

    January 9, 2026
  • Reli Stock – Get All The Essential Analysis And Predictions

    September 19, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

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