Starbucks Corp (NASDAQ:SBUX) shares are trading lower Thursday following reports suggesting the company is reorganizing to hold leadership more accountable for financial and operational improvements.
What To Know: According to the Wall Street Journal, in his first public remarks since announcing widespread layoffs, CEO Brian Niccol addressed corporate workers on Tuesday, emphasizing the need for increased accountability and a more effective decision-making process.
Niccol criticized the company’s current operational inefficiencies, stating that Starbucks is not effective in how it implements decisions and holds leaders responsible. The message came after the company cut 1,100 corporate jobs globally, including 612 positions tied to its Seattle headquarters …
