Starbucks Is Reportedly Cutting 224 Jobs As Its $2B Cost Push Takes Shape — SBUX Stock Slips 1.5%
Starbucks is reportedly eliminating 104 roles across store design and construction, while 120 Seattle-based workers face separation after declining to relocate to Nashville. Under CEO Brian Niccol, Starbucks is targeting $2 billion in cost savings over two years. The company has cut more than 2,300 corporate positions since last year as part of its restructuring. … Read more