Starbucks Layoffs and Restructuring
Starbucks plans to lay off 1,100 corporate workers to simplify its structure and increase efficiency. Baristas will not be affected. CEO Niccol aims to drive greater impact on priorities and improve service times. The company has faced declining sales and competition in China.
Key Points
- Baristas not affected by layoffs
- CEO aiming to simplify structure and increase accountability
- Company facing challenges with declining sales and competition
Pros
- Increased efficiency in operations
- Focus on driving greater impact on priorities
- Improving service times and store experience
Cons
- Negative impact on 1,100 corporate workers
- Declining sales and foot traffic in cafes
- Competition in growth markets like China