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Starbucks now wants corporate employees in the office 4 days a week

1. Starbucks mandates four days in-office work starting October. 2. CEO Niccol emphasizes the importance of in-person collaboration for turnaround efforts. 3. Sales slipped 1% in the last quarter; turnaround strategy includes staffing adjustments. 4. Employees have the option to leave for a one-time cash payment if unhappy. 5. New policy affects corporate staff near Seattle and Toronto support centers.

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FAQ

Why Bullish?

The emphasis on in-person collaboration may enhance productivity and strengthen corporate culture, crucial during a turnaround. Previous leadership changes often affected stock performance positively, as seen post-Schultz.

How important is it?

The article highlights a significant corporate policy change that may lead to enhanced productivity and sales recovery, which are essential for financial performance.

Why Long Term?

The success of this policy could take time but is aimed at long-term cultural and performance improvements.

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