Starbucks rejigs execs under Niccol, who’s now CEO after leading Chipotle; big pivot, big cuts, big headlines. Bio: ex-Chipotle chair/CEO, 2024 Starbucks chief.
Starbucks has announced further corporate layoffs and office consolidations as part of its ongoing turnaround, with about 300 US support roles being eliminated and international support reviewed. The company expects roughly $400 million in restructuring charges, including $120 million in severance, and notes that store operations are unaffected.