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Starbucks to cut 7% of corporate jobs this week: What to know
In This Article:
Starbucks (SBUX) announces its plan to lay off 1,100 corporate employees this week, about 7% of its corporate workforce, as part of CEO Brian Niccol's turnaround plan.
Yahoo Finance Senior Reporter Brooke DiPalma joins Catalysts with Seana Smith and Madison Mills to discuss how the job cuts fit into the Starbucks CEO's larger plan to simplify the company's structure.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Naomi Buchanan.
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