Friday 19 October 2018
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25 days ago

Starbucks plans changes to company structure, layoffs: Bloomberg

Coffee retailer Starbucks Corp SBUX.O is planning an organizational shakeup, including corporate layoffs, Bloomberg reported on Monday. The leadership and organizational changes will begin this week and carry on into November, Chief Executive Officer Kevin Johnson said, according to the Bloomberg report. The changes will entail an undetermined number of layoffs, a Starbucks spokeswoman said, according to the report. REUTERS

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