Starbucks slashing its corporate workforce

[Joanna + 68]

Starbucks plans to slash 5 percent of its corporate workforce as part of a greater overhaul of the company that includes closing hundreds of U.S. stores, expanding its mobile operations and focusing more on China. In an attempt to streamline its business model, Starbucks has already closed hundreds of stores, expanded its mobile offerings, and added more drive-thrus.

[Meanwhile + 49]

those are 350 corporate jobs including marketing, creative, product, technology and store development. None of those who mispronounce your name 

[Ajan Bosnjacki + 27]

3 minutes ago, Joanna said:

Starbucks plans to slash 5 percent of its corporate workforce as part of a greater overhaul of the company that includes closing hundreds of U.S. stores, expanding its mobile operations and focusing more on China. In an attempt to streamline its business model, Starbucks has already closed hundreds of stores, expanded its mobile offerings, and added more drive-thrus.

Meanwhile, Starbucks has brought delivery service to 1,100 stores in 17 cities across China less than two months after launching "Starbucks Delivers."

[Stephen + 67]

Guess they missed the tax cuts creates jobs memo

[Meanwhile + 49]

I dont see the logic here. the gop just cut corporate rates to the lowest in decades, they also just handed Starbucks a windfall in tax relief and that was supposed to promote growth and trickle down.

[李伟王芳 + 77]

Just now, Meanwhile said:

I dont see the logic here. the gop just cut corporate rates to the lowest in decades, they also just handed Starbucks a windfall in tax relief and that was supposed to promote growth and trickle down.

no logic needed. just capitalism 101

[Sefko Trafikant + 35]

1 minute ago, 李伟王芳 said:

no logic needed. just capitalism 101

Didn't they just have a piece where they promoted $15/hr?

[Cokiga Damke + 53]

1 minute ago, 李伟王芳 said:

no logic needed. just capitalism 101

Bernie doesn't mind

[DA? + 301]

The middle management have been cut from many companies as computers out preformed them, it's just continuing that trend. There aren't many jobs that are safe in the next 20yrs as computing and robotics improve. It's easy to think of a few bits of your trade that a robot or computer can't do (at least for a while) but even if they can only do 10% of it that's 1 out of ten jobs go.

All hail our AI overlords.

[Mike Marcellus + 157]

2 hours ago, Meanwhile said:

I dont see the logic here. the gop just cut corporate rates to the lowest in decades, they also just handed Starbucks a windfall in tax relief and that was supposed to promote growth and trickle down.

Your contributions are usually a little more thought out than this one.  Have you considered that they have simply sold all the coffee they can for $5 bucks a cup?  They can continue to sell to their current customers, but without a change in what they are offering, growth doesn't continue.  And really it's food service, so the innovations won't be that innovative.  Also, you can't control the amount of money coming in, but you can control the expenses.