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Starbucks to Cut 1,100 Corporate Employees in Move Toward ‘Smaller, More Nimble’ Teams | Global News Avenue

Starbucks to Cut 1,100 Corporate Employees in Move Toward ‘Smaller, More Nimble’ Teams

Key Points

  • Starbucks CEO Biran Nicccol said the company plans to cut 1,100 corporate employees without having to hold hundreds of public positions.
  • Nick said cafe workers would not be affected.
  • The CEO added that the goal is to create a “smaller, more flexible team” as part of the company’s “Back to Starbucks” business turnaround plan.

Starbucks(swub) Plans to lay off 1,100 employees, CEO Brian Nicccol said on Monday that hundreds of public places were also left behind.

In an open letter to employees, Nicole called the move “a necessary change to position Starbucks for a successful future” by creating a “smaller, more flexible” support team. A spokesperson told Investopedia. The spokesman added that as of September 29, the company had a total of 16,000 company employees.

Layouts are a broader part “Back to Starbucks” Niccol began a business turnaround plan when he took office as CEO in September. The goal is to reduce sales and traffic while positioning chain stores as double the U.S. footprint. The coffee giant said net sales fell 0.3% year-on-year in the first quarter.

Starbucks has been busy so far, announced Comprehensive changes In its cafe, including discount menus, baristas write client returns Name on the cuprequiring customers to purchase toilets, expect new digital menu boards this year, and expand free supplements. Store aesthetics are also under review as Starbucks tested new seats and brought back touches like ceramic cups and accessible condiment bars.

Starbucks shares have risen 25% since Brian Niccol joined the company and increased by more than 1% on Monday.

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