Starbucks layoffs hit company's technology teams; company sends memo to staff

Starbucks is reportedly cutting jobs within its technology teams as part of a significant restructuring. This move aims to sharpen focus and reallocate resources effectively under new CEO Brian Niccol's turnaround plan. These layoffs follow previous workforce reductions and store closures, signaling a broader effort to streamline operations and address financial pressures.

By TOI TECH DESK