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Starbucks to Lay Off 1,000+ Corporate Workers

YAHOO!Finance · 2h

Starbucks unveils plan for 1,100 corporate layoffs

The coffee chain is simplifying its structure, removing layers and duplication and creating smaller, more nimble teams.

Struggling Starbucks announces plans to layoff workers

In a Monday message to employees, Starbucks CEO Brian Niccol announced the Seattle-based coffee giant is planning to lay off 1,100 employees as the company continues to face headwinds amid declining sales, competition and a loss of brand caché.

CBS News on MSN · 18h

Starbucks laying off 1,100 workers and cutting drinks from its menu

Starbucks is laying off 1,100 workers, CEO Brian Niccol said in a companywide message that was made public Monday. The coffee chain is taking the action under its "Back to Starbucks" restructuring plan designed to revitalize the brand, in part by serving in-store customers more quickly.

1d

Starbucks Has More Than Business Problems To Fix: It’s Lost Customer Goodwill

Starbucks is losing as a place where people want to go for coffee. It's lost customer goodwill and it needs more than a ...

43mon MSN

Malaysia Starbucks franchise holder triples loss on boycotts

Berjaya Food reported its fifth straight quarterly loss as Malaysian customers boycotted U.S. brands over America’s support ...

20hon MSN

Starbucks axes 1,100 jobs in bid for US turnaround

Starbucks is cutting 1,100 jobs and simplifying its menu in the US as it tries to improve flagging business in its home ...

4hon MSN

Exclusive-KKR, Fountainvest and PAG among those eyeing Starbucks China stake, sources say

KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks' China business, ...

4don MSN

Starbucks hoped mobile orders and the drive-through would save its business. New CEO Brian Niccol says that was a mistake.

Starbucks new CEO Brian Niccol says "I think we got confused that mobile ordering could solve the entire business".

17h

Starbucks, Super Micro Computer, Alibaba: Market Minute

Yahoo Finance's Julie Hyman takes a closer look at Monday's trending stocks in today's Market Minute. Starbucks (SBUX) ...

18hon MSN

Starbucks is removing these 13 menu items from its menu next week

A Starbucks representative told Business Insider the chain is removing several items from its menu that are less popular with ...

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