Coffee chain Starbucks's promised overhaul may require cutting jobs as it tries to work more efficiently, CEO Brian Niccol said.
“Our size and structure can slow us down, with too many layers, managers of small teams and roles focused primarily on coordinating work,” Niccol wrote.
Starbucks CEO Brian Niccol said on Friday the coffee giant will cut jobs to optimize its support teams as part of the company's ongoing turnaround efforts.

Starbucks Expecting Job Cuts by March

04:44pm, Friday, 17'th Jan 2025
Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.
The creator of a fund designed to punish companies engaging in diversity, equity and inclusion activities says the Republican sweep hasn't really deterred companies as much as has been suggested.
In the most recent trading session, Starbucks (SBUX) closed at $93.08, indicating a +0.01% shift from the previous trading day.
A spokesperson for the coffee chain said the new rules are designed to help prioritize paying customers.
SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (Nasdaq: SBUX) plans to release its first quarter fiscal year 2025 financial results after market close on Tuesday, January 28, 2025, with a conference
BofA Securities analysts Sara Senatore and Katherine Griffin expressed their views on the restaurant industry for the year ahead 2025.
Starbucks is extending its free refills policy to non-rewards members with reusable cups. Customers at participating stores will be eligible for a top-up of many brewed coffee and teas.
Starbucks Corp (NASDAQ:SBUX, ETR:SRB) has rolled out a new code of conduct that includes a new requirement that customers must make a purchase in order to sit at a table or use the toilets.   Rever
After decades during which people who did not buy items at Starbucks Corp. (NASDAQ: SBUX) could use its stores to meet or as a means to gather with friends won't be able to do that anymore.
Starbucks has reversed its North American policy allowing people to sit in stores and use the loo without buying anything.

Starbucks changes open-door policy

07:12am, Tuesday, 14'th Jan 2025
CNBC's Joe Kernen reports on the latest news.
Starbucks is reversing its open-door policy, which lets non-paying guests sit around or use its loo. This means you'll have to make a purchase — or accompany someone who does — to use Starbucks fa
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE