losses. Elon Musk's company hopes an "ultra-low cost†trim of a best-selling EV can help it stem market-share ...

Group 1 - Target Corporation plans to cut around 1,800 corporate roles to return to growth, marking the first major layoffs in a decade [1][2] - Incoming CEO Michael Fiddelke stated that the complexity created over time has hindered the company's progress, leading to the decision to eliminate roles [2][3] - The layoffs will affect approximately 8% of Target's 22,000 corporate staff, with 80% of the cuts occurring in the U.S. [3] Group 2 - The job cuts come during a period of sluggish growth, with Target experiencing 11 consecutive quarters of declining or weak comparable sales growth [5] - Target is facing challenges from rising competition, particularly from Walmart and Amazon, and anticipates a decline in fiscal year 2025 sales [5] - Over the past year, Target's shares have dropped 37.24%, and over the past five years, they have fallen over 41%, contrasting with Walmart's nearly 123% increase [6]

Raj Jegannathan, the Tesla executive in charge of reversing a sales slump, has gained a following on X, where he personally fields customer complaints from influencers and ordinary buyers https://t.co/jFJPr9Jli1 ...

Core Insights - Starbucks plans to close approximately 1% of its North American stores, which translates to around 183 locations, while expecting to end September with 18,300 locations in North America [1][2] - The company is undergoing a transformation plan costing around $1 billion, which includes remodeling over a thousand stores and laying off an additional 900 employees on top of the 1,100 layoffs earlier this year [2] Store Closures and Locations - Starbucks will close about 1% of its North American stores, indicating a strategic reduction in its footprint [1] - The company currently operates more than 40,000 locations globally, with 18,300 in North America expected by the end of September [1] Transformation Plan - The transformation plan under CEO Brian Nickel is valued at $1 billion and aims to revitalize the brand [2] - Part of the plan includes remodeling over a thousand stores to create a more inviting atmosphere with cozier chairs, extra outlets, and warmer colors [1][2] Employment Changes - The company will implement 900 new layoffs, adding to the 1,100 cuts made earlier in the year, reflecting ongoing challenges in the business [2] - These layoffs are part of a broader strategy to address a sales slump in the U.S. market [2] Market Challenges - Starbucks is facing a six-quarter sales slump in the U.S., attributed to a cooling demand for its premium products as consumers become more selective [2] - Increased competition from rivals is also contributing to the challenges faced by the company [2]

Inside the Starbucks effort to reverse a sales slump with new training...and lots of meaningful eye contact.🔗: https://t.co/uvnjzh6398 https://t.co/WNR0QCRrdw ...