Starbucks Announces Layoffs of 300 Corporate Employees as Part of Turnaround Strategy
Starbucks is laying off 300 corporate employees in the U.S., marking its third round of job cuts under CEO Brian Niccol's 'Back to Starbucks' turnaround strategy. The company aims to cut $2 billion in expenses and has incurred a $400 million restructuring cost, including $120 million for layoffs.
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Topics: cost-cutting restructuring Starbucks turnaround strategy