Wednesday, September 26, 2018

Starbucks plans corporate shake-up and layoffs, starting with senior execs

Girding for continued change in the retail landscape, Starbucks plans job cuts this fall at its Seattle headquarters, including eliminating some top executives, as it reorganizes in a bid to make quicker decisions and reignite sales growth.

The restructuring is the latest bump in a turbulent year for the coffee giant, which has seen high-profile departures, an embarrassing turn in the national spotlight after a racially charged arrest and lackluster sales growth in important markets.. . . more