Starbucks Braces for Layoffs: A Bold Move for a Coffee Giant in Transition
Friday, Jan 17, 2025 7:16 pm ET
2min read Starbucks, the world's largest coffeehouse chain, is gearing up for a significant restructuring effort, with plans to announce corporate layoffs by early March. This move, led by CEO Brian Niccol, is part of the company's "Back to Starbucks" plan, aimed at improving efficiency and streamlining operations. The layoffs will primarily affect corporate support roles, with around 10,000 total roles at the company expected to be impacted.
The layoffs are expected to reduce overhead costs and improve the company's bottom line in the long run. By eliminating redundant roles and streamlining support teams, Starbucks can operate more efficiently and focus on its core business. However, the layoffs may also create short-term challenges related to employee morale and institutional knowledge.
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