Starbucks to Layoff 1,100 Workers amid Declining Sales
Source: Cheng Xin / Getty Starbucks is set to lay off 1,100 corporate employees globally as part of a restructuring effort by new Chairman and CEO Brian Niccol. In the memo, Niccol said the layoffs are meant to simplify the company’s structure while “removing layers and duplication and creating smaller, more nimble teams.” He added, “Our intent is to operate more efficiently, increase accountability, reduce complexity and drive better integration. […]