Starbucks to cut 1,100 corporate roles in CEO Niccol's turnaround push

The Manila Times

Starbucks to cut 1,100 corporate roles in CEO Niccol's turnaround push  Starbucks said on Monday, February 24, it would eliminate 1,100 corporate roles as CEO Brian Niccol pushes ahead with his turnaround efforts at the coffee chain that has been struggling with falling sales.  Niccol told employees in a letter they are 'simplifying our structure, removing layers and duplication and creating smaller, more nimble teams' with an intent to operate more efficiently and increase accountability among other goals.  Niccol was named CEO last year at a time when the company's shares had lost 40% of their value from the 2021 high due to weak demand in the US and China and has since put in place "Back to Starbucks" plan that focused on streamlining business through job cuts and by improving customer experience at its US stores.  REUTERS VIDEO  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at https://www.manilatimes.net     Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion    Subscribe to our Digital Edition - https://tmt.ph/digital    Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Stitcher: https://tmt.ph/stitcher Tune In: https://tmt.ph/tunein   #TheManilaTimes #WorldNews #Starbucks

Transcript

00:00This is a beautiful day, just drinking a cup of coffee and enjoying the view.

00:09I'm going to take a quick look at what's going on here.

00:11I'm going to take a quick look at what's going on here.

00:13I'm going to take a quick look at what's going on here.

00:15I'm going to take a quick look at what's going on here.

00:17I'm going to take a quick look at what's going on here.

00:19I'm going to take a quick look at what's going on here.

00:21I'm going to take a quick look at what's going on here.

00:23I'm going to take a quick look at what's going on here.

00:25I'm going to take a quick look at what's going on here.

00:27I'm going to take a quick look at what's going on here.

00:29I'm going to take a quick look at what's going on here.

00:31I'm going to take a quick look at what's going on here.

00:33I'm going to take a quick look at what's going on here.

00:35I'm going to take a quick look at what's going on here.

00:37I'm going to take a quick look at what's going on here.

00:39I'm going to take a quick look at what's going on here.

00:41I'm going to take a quick look at what's going on here.

00:43I'm going to take a quick look at what's going on here.

00:45I'm going to take a quick look at what's going on here.

00:47I'm going to take a quick look at what's going on here.

00:49I'm going to take a quick look at what's going on here.

00:51I'm going to take a quick look at what's going on here.

00:53I'm going to take a quick look at what's going on here.

00:55I'm going to take a quick look at what's going on here.

00:57I'm going to take a quick look at what's going on here.

00:59I'm going to take a quick look at what's going on here.

01:01I'm going to take a quick look at what's going on here.

01:03I'm going to take a quick look at what's going on here.

01:05I'm going to take a quick look at what's going on here.

01:07I'm going to take a quick look at what's going on here.

01:09I'm going to take a quick look at what's going on here.

01:11I'm going to take a quick look at what's going on here.

01:13I'm going to take a quick look at what's going on here.

01:15I'm going to take a quick look at what's going on here.

01:17I'm going to take a quick look at what's going on here.

01:19I'm going to take a quick look at what's going on here.

01:21I'm going to take a quick look at what's going on here.

01:23I'm going to take a quick look at what's going on here.

01:25I'm going to take a quick look at what's going on here.

01:27I'm going to take a quick look at what's going on here.

01:29I'm going to take a quick look at what's going on here.

01:31I'm going to take a quick look at what's going on here.

01:33I'm going to take a quick look at what's going on here.

01:35I'm going to take a quick look at what's going on here.

01:37I'm going to take a quick look at what's going on here.

01:39I'm going to take a quick look at what's going on here.

01:41I'm going to take a quick look at what's going on here.

01:43I'm going to take a quick look at what's going on here.

01:45I'm going to take a quick look at what's going on here.

01:47I'm going to take a quick look at what's going on here.

01:49I'm going to take a quick look at what's going on here.

01:51I'm going to take a quick look at what's going on here.

01:53I'm going to take a quick look at what's going on here.

01:55I'm going to take a quick look at what's going on here.

01:57I'm going to take a quick look at what's going on here.

01:59I'm going to take a quick look at what's going on here.

02:01I'm going to take a quick look at what's going on here.

02:03I'm going to take a quick look at what's going on here.

02:05I'm going to take a quick look at what's going on here.

02:07I'm going to take a quick look at what's going on here.

02:09I'm going to take a quick look at what's going on here.

02:11I'm going to take a quick look at what's going on here.

02:13I'm going to take a quick look at what's going on here.

02:15I'm going to take a quick look at what's going on here.

02:17I'm going to take a quick look at what's going on here.

02:19I'm going to take a quick look at what's going on here.

02:21I'm going to take a quick look at what's going on here.

02:23I'm going to take a quick look at what's going on here.

02:25I'm going to take a quick look at what's going on here.

02:27I'm going to take a quick look at what's going on here.

02:29I'm going to take a quick look at what's going on here.

02:31I'm going to take a quick look at what's going on here.

02:33I'm going to take a quick look at what's going on here.

02:35I'm going to take a quick look at what's going on here.

02:37I'm going to take a quick look at what's going on here.

02:39I'm going to take a quick look at what's going on here.

02:41I'm going to take a quick look at what's going on here.

02:43I'm going to take a quick look at what's going on here.

Category

Transcript

Recommended