Starbucks Layoffs in Middle East

SOURCE www.nbcnews.com
Starbucks franchisee in the Middle East fires 2,000 workers due to ongoing Israel-Hamas conflict. The layoffs represent just over 10% of its staff.

Key Points

  • Starbucks franchisee Alshaya in the Middle East fires 2,000 employees due to ongoing conflict
  • Activist boycotts and protests against Starbucks over the Israel-Hamas war
  • Revenue rose 8% for Starbucks but lower than analyst forecasts due to boycotts

Pros

  • Attempt to address challenging trading conditions
  • Commitment to driving long-term growth in the region

Cons

  • Loss of jobs for around 2,000 employees
  • Negative impact on affected workers and their families