Connect with us

Business and Economy

Starbucks to remove hundreds of staff

Published

on

Anadolu, Philippine News Agency

The US-based coffee chain said its overall company-operated count in North America will decline by about 1 percent in fiscal year 2025. (Pexels Photo)

ISTANBUL – Starbucks announced Thursday that it will remove hundreds of staff and close dozens of stores.

The US-based coffee chain said its overall company-operated count in North America will decline by about 1 percent in fiscal year 2025.

“We will end the fiscal year with nearly 18,300 total Starbucks locations – company operated and licensed – across the U.S. and Canada,” it noted.

It said the firm is reducing non-retail headcount and expenses, “This includes the difficult decision to eliminate approximately 900 current non-retail partner roles and close many open positions.”

Starbucks said it will try to offer transfers to nearby locations where possible and will move quickly to help personnel, but for others, the firm will offer “comprehensive severance packages.”

Starbucks’ global sales dropped by 2 percent in the third quarter of the fiscal year.

In the second and first quarters, the company also posted declines. (Anadolu)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle4 days ago

The Real Rich

Margaret Atwood aptly captured this dynamic with the phrase, “Old money whispers, new money shouts.”  Let me elaborate on this...

Headline3 weeks ago

Love in the Afternoon of Life

Love in later life—the 50s, 60s, 70s, and beyond—is a thriving, fulfilling reality. It offers companionship, improved well-being, and joy,...

Headline4 weeks ago

Your Most Important Relationship is With Yourself

Valentine’s Day shouldn’t be celebrated only for one day. Love should be celebrated everyday. Valentine’s Day, when expanded beyond romance,...

Headline2 months ago

The 2016 Trend Made Me Reflect On My Past & Present

Like many others, I couldn’t resist joining the 2016 throwback trend.  It was all over social media, with everyone sharing...

Headline2 months ago

How To Be Healthier Realistically

It’s a brand-new year and a brand new you! If you’re like me who had been indulging quite a bit...

Headline3 months ago

Celebrating The Spirit Of Christmas

For many people, Christmas is the loneliest time of the year — it could be due to the fact that...

Headline3 months ago

Fun Facts About Christmas

It’s definitely beginning to look and smell a lot like Christmas! The beautiful thing about Christmas is that it’s mandatory...

Lifestyle4 months ago

How To Keep The Music Playing

You and your partner or spouse have been in a long-term relationship. Somehow, over the years, the fizz has fizzled...

Headline4 months ago

Declutter Your Life

There will be days when we feel like too much is going on around us — too much unnecessary noise...

Health5 months ago

A Healthy Mind Matters

Like the rest of the world, I was deeply saddened and shocked when I read that TikTok influencer, Emman Atienza...