Starbucks to lay off 1,100 employees this week as CEO aims to deliver on turnaround
Starbucks has announced plans to eliminate about 7% of its corporate jobs, affecting approximately 1,100 support roles, in an effort to simplify the company's structure and improve efficiency under new CEO Brian Niccol's "Back to Starbucks" plan. The restructuring is intended to remove layers of duplication, create smaller teams, and increase accountability. The company has committed to providing a comprehensive severance package to affected employees.
- This layoff marks a significant shift in corporate restructuring strategies, where companies are prioritizing operational efficiency over job security, potentially redefining the role of corporate support roles in the industry.
- As Starbucks embarks on this transformation, what implications will it have for employee morale and job satisfaction among in-store staff, who remain unaffected by the layoffs?