Starbucks Lays Off 1,100 Corporate Employees Amid Streamlining Efforts
Starbucks is laying off 1,100 corporate employees globally as part of its efforts to streamline operations under new Chairman and CEO Brian Niccol. The company aims to reduce complexity, increase accountability, and drive better integration. Starbucks has 16,000 corporate support employees worldwide, but the layoffs exclude roasting and warehouse staff who are not impacted.
- The strategic focus on operational efficiency in the coffee industry may serve as a model for other companies looking to revitalize their performance through targeted cost-cutting measures.
- How will the emphasis on technology-enabled customer experiences impact Starbucks' ability to adapt to changing consumer preferences and maintain its market share?