Starbucks announced Monday it will lay off over 1,000 corporate workers and cut complex and unpopular drinks from its menu in an effort to turn around lagging sales and revamp the coffee chain.

Starbucks is implementing a new dress code for workers at its North American stores. It is the latest move under CEO Brian Niccol, who is trying to turn around the business.

In its fiscal second quarter, which ended March 30, Starbucks reported $748.3 million in operating income in its North American business segment — a 35% drop from $1.1 billion in the same period ...

Starbucks has been in a slump after a year of declining sales, boycotts, and executive turnover. It has hired former Chipotle CEO Brian Niccol to turn the tide by investing in the company’s ...

Starbucks to lay off 1,000 workers, cut drinks from menu 00:24. Starbucks is laying off 1,100 workers, CEO Brian Niccol said in a companywide message that was made public Monday.. The coffee chain ...

Starbucks will lay off 1,100 corporate employees by Tuesday morning and eliminate hundreds of open roles, the company announced Monday. In a letter to employees on Monday, CEO Brian Niccol said ...

Starbucks shares have plummeted more than 17% in value since the company revealed a sales slump in an earnings report last week. “The brand is incredibly resilient, but it’s clearly not ...

Starbucks workers are protesting a new dress code, urging the company to focus on union contracts. CEO Brian Niccol's goal is to refresh store image and improve business strategy.

Starbucks is planning to use zero-based budgeting starting during its next fiscal year.; The coffee chain is trying to cut expenses to pay for its turnaround efforts. Other companies have used ...

Starbucks is changing one of its most generous parts of its loyalty program, marking the latest effort by CEO Brian Niccol to boost profits.

CHONGQING, CHINA - DECEMBER 17: A man in a white jacket walks past a Starbucks Coffee store with outdoor seating on December 17, 2024 in Chongqing, China.