Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Business

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

by admin February 25, 2025
February 25, 2025
Starbucks to lay off 1,100 corporate workers as sales sag

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

previous post
Israel to remain in some West Bank refugee camps for ‘coming year’ as military expands campaign
next post
Crypto Market Recap: Bybit Suffers US$1.5 Billion Hack, Saylor’s Strategy Buys More Bitcoin

Related Posts

Musk’s brain implant company filed as a ‘disadvantaged...

July 20, 2025

Trump commutes sentence of Ozy Media founder Carlos...

March 30, 2025

Nike pushes back Skims launch with Kim Kardashian...

June 20, 2025

Bitcoin is just another tech stock, not a...

March 25, 2025

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

May 8, 2025

Fintech company Chime files for Nasdaq IPO

May 14, 2025

McDonald’s revenue disappoints, as U.S. sales see worst...

February 11, 2025

Bed Bath & Beyond relaunches with first store...

August 15, 2025

Jerome Powell asks inspector general to review Fed’s...

July 16, 2025

Retirees ‘stunned’ as market turmoil over tariffs shrinks...

April 7, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      September 6, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      September 6, 2025
    • CORRECTED: CHARBONE Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing

      September 6, 2025
    • Gold Price Hits Another New All-time High, US$3,600 in Reach

      September 6, 2025
    • Locksley Resources

      September 6, 2025
    • Purepoint Uranium Closes Final Tranche of $6 Million Private Placement

      September 6, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.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 crazyflux.com | All Rights Reserved