Thread regarding Starbucks layoffs

Organizational Changes 2018 and 2019

Starbucks plans job cuts at the HQ probably starting with senior execs and then spreading to mid manager and staff levels. The hope is that the reorg will improve things from the business side, but we’ll see if that will have ANY impact going forward. Johnson has done it before and will do it again, that’s what he’s good at – cutting cost…

Per his “Building our future together” memo the cuts are starting immediately and going into November – but we’ll see if it stops at that point… There will be leadership cuts, reorgs, moving positions, P&Ls will move, and non-retail partner impacts… I’d say probably 500 folks in Sodo will be impacted… That’s my gut feeling though… Also for the stores (for the guy that was asking about Starbucks Store closures below) the word is that 150 underperforming stores will be closed in the next fiscal year.

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| 2421 views | | 3 replies (last November 8, 2018)
Post ID: @OP+VkWNNM4

3 replies (most recent on top)

Any updates on head count? Supposed to be announced by Nov 16 would think rumors would start

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Post ID: @Iwny+VkWNNM4

Heard 20 senior leaders are getting laid off.

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Post ID: @4ukx+VkWNNM4

The word is out... Media Coverage 9/24/18:


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

https://www.seattletimes.com/business/starbucks-plans-corporate-shake-up-layoffs/


Starbucks plans changes to company structure, layoffs

https://www.reuters.com/article/us-starbucks-restructuring/starbucks-plans-changes-to-company-structure-layoffs-bloomberg-idUSKCN1M42DU


Starbucks plans layoffs, 'significant changes' to company

https://www.foxbusiness.com/retail/starbucks-plans-layoffs-significant-changes-to-company


Starbucks plans changes to company structure, layoffs

https://ca.reuters.com/article/businessNews/idCAKCN1M42DU-OCABS


Starbucks plans ‘significant changes’ to company's structure

http://www.latimes.com/business/la-fi-starbucks-organizational-changes-20180924-story.html


Starbucks plans 'significant' corporate shake-up to rev up sales

https://www.oregonlive.com/business/index.ssf/2018/09/starbucks_plans_significant_co.html


Starbucks plans 'significant changes' to company structure

https://www.stltoday.com/business/local/starbucks-plans-significant-changes-to-company-structure/article_62f2e634-832d-5def-be39-335e4e19d1d7.html

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Post ID: @lny+VkWNNM4

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