Starbucks to Cut 1,100 Corporate Employees in Move Toward 'Smaller, More Nimble' Teams
1. Starbucks announces 1,100 corporate layoffs to cut costs. The plan targets support functions only. 2. CEOs emphasize creating smaller, agile teams for improved operational efficiency. The move is part of the turnaround plan. 3. Cafe workers and non-support corporate roles remain unaffected. This aims to enhance effectiveness in core areas. 4. The firm plans to double its U.S. footprint amid declining sales trends. Structural changes signal a reinvigorated strategy. 5. Recent operational updates include menu changes and digital innovations. These efforts have boosted shares by over 25% since Niccol took charge.