Peak Hours News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Economy

Starbucks to lay off 1,100 corporate workers as sales sag

by February 25, 2025
written by February 25, 2025

Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday.

The cuts will not affect workers at the company’s cafes.

In a message to corporate employees, Niccol said Starbucks is “simplifying our structure, removing layers and duplication and creating smaller, more nimble teams.”

“Our intent is to operate more efficiently, increase accountability, reduce complexity and drive better integration,” Niccol wrote. “All with the goal of being more focused and able to drive greater impact on our priorities.” 

The layoffs come as Starbucks tries to draw coffee drinkers back to its cafes after same-store sales declined for four straight quarters. As customers turn to cheaper rivals in Starbucks’ two largest markets, the U.S. and China, Niccol has tried to revamp operations since he took the helm of the company last year, including by speeding up service.

Starbucks had about 16,000 employees who work outside of store locations as of last year. The cuts will affect people who work in corporate support, but not roasting, manufacturing, warehousing and distribution.

This post appeared first on NBC NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat
next post
Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

You may also like

L.A. County sues Roblox, alleges platform makes it...

February 21, 2026

Warner Bros. Discovery reopens talks with Paramount

February 19, 2026

CFTC chief sides with prediction markets over state...

February 19, 2026

Justice Department’s antitrust chief says she’s leaving, effective...

February 14, 2026

Cardi B’s cameo in Bad Bunny’s Super Bowl...

February 13, 2026

Retail operator of outdoor sportswear pioneer Eddie Bauer...

February 12, 2026

Landmark trial accusing social media companies of addicting...

February 11, 2026

Trump administration alleges Nike discriminated against white workers

February 5, 2026

The architect of Amazon’s supply chain on running...

February 5, 2026

Elon Musk’s SpaceX acquires xAI

February 4, 2026
Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.









    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      March 2, 2026
    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      March 1, 2026
    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      February 28, 2026
    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      February 27, 2026
    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      February 26, 2026

    Categories

    • Economy (682)
    • Editor's Pick (10)
    • Investing (1,150)
    • Stock (798)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: peakhoursnews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Back To Top
    Peak Hours News
    • Investing
    • Stock
    • Economy
    • Editor’s Pick