As expected, Starbucks announce about 5% of the corporate workforce layoff. https://news.alphastreet.com/starbucks-sbux-stock-lays-off-350-corporate-employees-5-percent-workforce/
Businesses that get involved with politics never seem to do too well. After they got too political, it gave me more of a push to stop drinking their over-priced bad tasting coffee. Let's support locally owned small business coffee shops.
To OP... so until they went political you felt good about drinking over-priced bad tasting coffee? OK. LMAO.
Many of those employees had worked at Starbucks corporate office for 8-12 years. A number were Directors or Supervisors. Leave it to the new heartless CEO to drop these FAMILIES into financial ruin during the holidays! Few breadwinners can find a job or sell a house during this time of year. Of course, the major Australian blunder made by the new leadership didn't make the annual stockholders report look good so those workhorses on the lower end of the food chain were sacrificed to make the new CEO look better on paper. I won't be supporting this company anymore with my business or investments.