In a letter to employees released Monday, Chairman and CEO Brian Niccol said the company will inform employees who are being laid off by mid-day Tuesday.

KKR & Co, Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks' China business, ...

KKR & Co, Fountainvest Partners, and PAG are among those interested in acquiring a stake in Starbucks' China business, as the ...

Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations.

Shares of Starbucks Corp (SBUX) rose more than 1.30% on Monday after the company reportedly announced it will lay off 1,100 ...

From Infosys and Meta to Starbucks, companies have started mass layoffs over cost-cutting measures or organizational restructuring to tackle economic pressures and maintain profitability.

As part of our plan to get back to Starbucks, we’re simplifying our menu to focus on fewer, more popular items, executed with ...

CEO Brian Niccol said Starbucks will be laying off over 1100 corporate workers as it tries to turn around its business. The company will also be eliminating “several hundred” open and unfilled ...

More foods and beverages are expected to be removed from the Starbucks menu in the coming months, Monday’s announcement added ...

Starbucks, under the leadership of new Chairman and CEO Brian Niccol, has announced plans to lay off 1,100 corporate employees globally as part of a strategic effort to streamline operations and ...