Starbucks corporate layoffs looming in March: CEO
Global coffeehouse chain Starbucks will cut corporate jobs as new CEO Brian Niccol continues to implement changes to bolster lagging sales and improve profitability.
Starbucks announces corporate layoffs amid sales slump
The American coffeehouse chain Starbucks has announced a reduction in corporate staff, as communicated by the company's CEO, Brian Niccol, in a letter to the team. According to Reuters, Starbucks CEO Brian Niccol announced that the company intends to execute layoffs due to unsatisfactory sales results for the past year.
Starbucks plans corporate layoffs as part of turnaround
Starbucks said Friday it plans an unspecified number of layoffs as it restructures its corporate staff. In a letter to employees, Starbucks Chairman and CEO Brian Niccol said the Seattle coffee giant needs to ensure all work has a clear and accountable owner who can make decisions. The company also needs to reduce complexity and silos.
Starbucks beats low earnings expectations for its first quarter under new CEO
As part of CEO Brian Niccol's Back to Starbucks plan, the company is making changes to get loyal customers back in the door.
Starbucks beats earnings expectations, but sales still slipped
Starbucks (SBUX) reported a decline in same-store sales for the fourth straight quarter. However, the company’s earnings and revenue beat Wall Street’s expectations. Shares of Starbucks popped by more than 4% in after hours trading.
Starbucks CEO Brian Niccol talks efficiency gameplan, layoffs
Coffee giant Starbucks (SBUX) beat top and bottom line estimates for its fourth quarter — posting adjusted earnings of $0.69 ...
Hosted on MSN13h
Several arrested as unionized Starbucks baristas strike in Brooklyn ahead of store closure
At least seven people were arrested Tuesday during a sit-in at the Park Slope Starbucks as unionized baristas staged a strike just days before the store is set to close.
Surprise closure of NYC Starbucks sparks pro-union protests as 7 activists end up cuffed and in a latte trouble
The rally began with a “sip-in” protesting Starbucks’ “illegal” move to suddenly close the bustling Park Slope store on ...
Starbucks CEO calls reversal of open-door policy 'practical," will close stores if needed
Earlier this month, the 54-year-old company shared plans to implement a Coffeehouse Code of Conduct where only paying ...
Starbucks reports better-than-expected quarterly sales as turnaround efforts begin
Starbucks has reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to take ...
New York Post2d
Starbucks CEO Brian Niccol awarded $96 million pay package 4 months after he was hired
With cost-cutting measures on the horizon and restructuring underway, Starbucks employees and investors alike will be closely watching how his leadership unfolds. The Post has sought comment from ...
AOL12d
Starbucks plans to announce corporate layoffs by early March
To "operate more efficiently" will involve making "difficult decisions and choices," he wrote in a letter posted to ...
Ticker: Starbucks plans corporate layoffs as part of turnaround; Late-blooming apples key to crop
Starbucks saidit plans an unspecified number of layoffs as it restructures its corporate staff. In a letter to employees, ...
Starbucks bets on mugs, macchiato art in test of CEO’s plan
The Seattle-based coffee giant is changing how it serves customers. On Monday expect to see the return of mugs and the ...
Starbucks Is Trimming 30% of Its Menu
Starbucks is cutting nearly a third of its menu. During the coffee chain’s earnings call on Tuesday, Jan. 28, CEO Brian ...