BofA's Best Financial, Consumer Stock Ideas for 2025: WFC, SBUX, More
Starbucks's Turnaround Plan Under New CEO Now Likely Includes Job Cuts
Express News | Starbucks will cut some positions and promote more efficient Operation, the in-store team will not be affected.
Starbucks's 'Back to Starbucks' Plan Under New CEO Now Likely Includes Job Cuts
Starbucks (SBUX.US) will cut corporate staff while retaining baristas and store employees.
Starbucks (SBUX.US) announced that it will eliminate some corporate positions, but baristas and other in-store employees will be retained. CEO Brian Niccol mentioned in a memo that the layoff announcement will be released in early March, emphasizing that it will not affect in-store investments. However, he declined to disclose how many positions will be cut and in which areas. He stated that the current size and structure might slow down operations because there are too many layers, with managers and positions in small teams focused on coordinating work.
Starbucks Launches Next Phase of Transformation Initiative
Starbucks Expecting Job Cuts by March
Starbucks' Plans Include Shorter Wait Times, Fewer Promotions, and Potential Job Eliminations
Starbucks Guides Cuts in Support Organizations
Starbucks Announces Next Phase Of Back To Starbucks Initiative To Transform Global Support Teams; Focus On Four-Minute Wait, Parental Leave, And Pricing Transparency; Job Cuts Expected By March
Express News | Market news: Starbucks supports the layoff organization.
Express News | Starbucks Corp - Expects Job Eliminations and Smaller Support Teams
Express News | Starbucks Corp - Initiative to Focus on Transforming Support Organization
Express News | Starbucks Corp - Introduces Next Phase in Back to Starbucks Initiative
Market Chatter: Starbucks' China Chair Belinda Wong Retiring
ESG Weekly | Personnel changes at senior levels of Honor, FILA, and Starbucks in China; sales exceeded 1.3 trillion yuan in 2024 driven by the old-for-new exchange.
Important events in the ESG field this week include: publication of guidelines for subsidies on replacing old home appliances and purchasing new ones by 2025; Tencent Group released its 2024 anti-fraud report, with over a hundred people being dismissed; the Shanghai Stock Exchange issued the "Sustainable Development Report Preparation Guidelines."
Starbucks Chief Independent Director Mellody Hobson will be leaving; she previously served as the first African American female Chairman.
Glory Index January 17 | Starbucks announced on Thursday that the company's Board of Directors' chief independent director, Mellody Hobson, will resign after nearly 20 years with the company. Hobson served as the chair of Starbucks from March 2021 to September 2024, making her the only African American woman to chair a Fortune 500 company. Her departure comes at a time when the USA corporate sector is scaling back diversity, equity, and inclusion (DEI) initiatives aimed at increasing racial and ethnic representation in the workplace. In a letter dated January 14, Hobson stated
Berjaya Food's Outlook May Improve as Potential Cease-Fire Could Ease Starbucks Boycott -- Market Talk
Mellody Hobson to Exit Starbucks Leadership Role
Express News | Starbucks - Mellody Hobson Says "I Have Never Sold a Single Starbucks Share and Plan to Remain a Steadfast Investor"