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Starbucks to cut 1,100 corporate jobs
Starbucks announced on Feb. 24 will eliminate 1,100 corporate positions as part of its restructuring and operational streamlining.
The layoffs will include existing corporate support roles and several hundred unfilled positions, as stated in a letter to employees by CEO Brian Niccol.
Niccol said the company will remove redundancies, forming smaller teams, and improving cross-department collaboration.
The layoffs come as Starbucks faces declining demand for premium beverages in key markets like the US and China.
Recent Starbucks developments
| Timeline |
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21-Mar-2022 ☕ Grab, Starbucks partner for regional payments, delivery
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18-Jan-2022 ☕ Meituan adds Starbucks ☕ to its delivery app through team-up
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23-Apr-2020 🥡 Beyond Meat enters China via Starbucks partnership
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27-May-2019 ☕ Luckin Coffee vs Starbucks: a tale of asymmetrical warfare
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26-May-2019 ☕ In China, Starbucks punches back at startup rival with online ordering
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