Starbucks is laying off 1,100 corporate employees this week, the company said.The coffee chain will notify affected employees by midday Tuesday.CEO Brian Niccol is trying to turn around results at the Seattle-based chain.Starbucks is laying off 1,100 corporate employees this week and will halt hiring for hundreds of open roles. Employees whose jobs are being eliminated will hear from Starbucks by midday Tuesday, the company said."We are simplifying our structure, removing layers and duplication and creating ...

Starbucks' corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021.Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain's CEO Brian Niccol said Monday.The cuts will not affect workers at the company's cafes.In a message to corporate employees, Niccol said Starbucks is "simplifying our structure, removing layers and duplication and creating smaller, more nimble teams.""Our intent is to operate more eff ...

Key TakeawaysStarbucks is focused on improving its in-store experience while many of its smaller competitors are looking to the drive-thru.As a more mature company, Starbucks already has tens of thousands of stores with ample seating—and wants to make the most of them.Meanwhile, chains like Dutch Bros. are focused largely on speedy service for customers who rarely step inside. Starbucks longs for the days when cafes were for sitting and sipping. But the growth of some competitors is a reminder that there's ...

The big game didn't live up to the big billing, but there was plenty to take in during commercial breaks and halftime.In this podcast, Motley Fool analyst David Meier and host Dylan Lewis discuss:Hims & Hers Health taking a big swing at the weight loss industry.Dunkin' and Starbucks taking very different approaches for morning coffee drinkers.McDonald's lackluster Super Bowl ad and earnings results.Motley Fool personal finance expert Robert Brokamp and host Alison Southwick continue their conversation on 40 ...

Once upon a time, if you wanted a coffee stock you could rely on, that stock would be Starbucks. Starbucks has embarked on a journey back to its roots, and it still offers value for shareholders. But lately, if you've been looking for a high-octane coffee chain stock, Dutch Bros (BROS 4.15%) has been the go-to brand. Its all-American (despite its name), down-to-earth story is just getting started.Here are three reasons to buy it now and one thing investors should watch carefully.1. Customers keep coming bac ...

Starbucks Corporation SBUX is one of many companies that benefitted from Super Bowl LIX’s record viewership on Sunday Feb. 9.What Happened: Instead of airing a Super Bowl commercial, the restaurant and coffee giant introduced "Starbucks Monday." The Feb. 10 event allowed Starbucks Rewards members to get a free 12 oz. hot or iced brewed coffee at U.S. locations."No matter who wins Sunday, we can all win Monday," Starbucks said ahead of the promotion.Over 100 million people watched Super Bowl LIX and many of ...

Starbucks (SBUX 0.14%) is a double-edged sword for investors right now. Shares have been on a run thus far in 2025, and the company managed to beat on earnings in its most recent quarter, but there's still a lot of work to be done. Despite the beats on estimates, revenue and earnings are still down, and same-store sales declined in the most recent quarter.Let's assess where the coffee chain could go from here -- and what it means for investors.Despite the beats, these were weak resultsGlobal comparable-stor ...

Brian Niccol, Starbucks' CEO, said the company is considering a large expansion in the Middle East and China.The brand will open 500 new outlets in the Middle East in the next five years, he said.Starbucks' sales in the Middle East have taken a hit due to boycotts over the war in Gaza.Brian Niccol, Starbucks' CEO, said the coffee chain is eyeing a major expansion into the Middle East and Chinese markets. In a Friday interview with Bloomberg, Niccol said that the chain's franchise operator in the Middle East ...

Thanks to recent strong Q1 earnings and major expansion plans in China, Starbucks (NASDAQ: SBUX) stock is flying high right now.Since January 28, when it traded at $100.41, the SBUX price has increased by 13.2%. On Wednesday, February 12, the closing price was set at $113.04—a solid 1.81% increase from the previous close. Also, the stock reached a day high of $113.19 and a low of $110.40.SBUX 5-day stock price chart. Source: FinboldThe widely popular coffeehouse chain’s market cap stands at $128.4 billion—w ...

The state of Missouri has sued Starbucks, claiming its diversity, equity and inclusion (DEI) policies have led to customers paying more and waiting longer for their coffees.The US state alleged the coffee chain used a commitment to diversity as a pretext to systematically discriminate based on race, gender and sexual orientation. In the complaint, filed in St Louis federal court, Missouri also claimed executive pay was tied to the company achieving race and gender-based hiring quotas."Starbucks has decided ...