The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
SHOCKWAVE: Starbucks Slashes 900 Jobs, Closes Stores—Is Your Local Coffee Shop Safe?
the staff of the Ridgewood blog
Ridgewood NJ, in a bold and painful move to reboot the coffee giant’s performance, Starbucks CEO Brian Niccol announced Thursday a sweeping corporate restructuring that includes shutting down a number of underperforming U.S. stores, eliminating approximately 900 non-retail positions, and implementing a hiring freeze.
the staff of the Ridgewood blog
Ridgewood NJ, on Monday, Brian Niccol officially steps in as the new CEO of Starbucks, taking the reins as the company faces declining sales and a falling stock price. Starbucks made headlines in August when they announced Niccol’s appointment, replacing Laxman Narasimhan, who served as CEO since March 2023.
