Starbucks reportedly cutting ‘top level’ staff in leadership shake-up
An organizational shake-up is underway at Starbucks, a move that the company expects to stimulate sales and rekindle investors’ interest.
The coffee giant is planning corporate layoffs that will target top level leadership. These organizational changes will begin this week and carry on into November, according to Bloomberg, which cited a memo that Starbucks CEO Kevin Johnson sent to employees following the company’s quarterly town hall meeting in Seattle last week.
According to the email, the company wants to “increase the velocity of innovation that is relevant to our customers, inspires our partners, and is meaningful to our business. To accomplish this, we are going to make some significant changes to how we work as leaders in all areas of the company.”
Starbucks did not reveal the number of layoffs, but did report that some employees will be shifted between company departments, Bloomberg reported.
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The coffee giant is planning corporate layoffs that will target top level leadership. These organizational changes will begin this week and carry on into November, according to Bloomberg, which cited a memo that Starbucks CEO Kevin Johnson sent to employees following the company’s quarterly town hall meeting in Seattle last week.
According to the email, the company wants to “increase the velocity of innovation that is relevant to our customers, inspires our partners, and is meaningful to our business. To accomplish this, we are going to make some significant changes to how we work as leaders in all areas of the company.”
Starbucks did not reveal the number of layoffs, but did report that some employees will be shifted between company departments, Bloomberg reported.
To read more, click here.