Starbucks is cutting 1,100 corporate jobs due to declining sales.

Generated by AI AgentMarket Intel
Monday, Feb 24, 2025 8:10 pm ET1min read
SBUX--

Starbucks Corp. will cut 1,100 corporate jobs and not fill hundreds of other open positions, Chief Executive Brian Niccol announced Monday, as the coffee chain tries to re-engage coffee lovers after same-store sales fell for four consecutive quarters. The move is part of Starbucks' efforts to streamline its company structure, eliminate layers and redundant positions, and create smaller, more flexible teams, Niccol said in a letter to corporate employees. He noted that the goal is to improve operational efficiency, enhance accountability, reduce complexity, and drive better integration, ultimately aiming for greater focus and the ability to have a greater impact on the company's key priorities.

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