Starbucks to lay off over 1,000 corporate workers
1. Starbucks is laying off 1,100 corporate employees to simplify operations. The move is part of its 'Back to Starbucks' strategy. 2. The company is also removing less popular beverages from its menu. These include several Frappuccino blends, the Royal English Breakfast Latte, and White Hot Chocolate. 3. CEO Brian Niccol emphasizes streamlining structure, cutting duplication, and creating nimble teams. This aims to boost operational efficiency and in-store customer experience.