Starbucks (SBUX) Chief Executive Brian Niccol told employees the company needed to reorganize itself in order to make leaders more accountable for financial and operational improvements, The Wall Street Journal reported Wednesday.
The company in late February said it was cutting 1,100 corporate positions, or about 7% of the global employee base working outside of company-owned stores.
Niccol told corporate employees the company needed to make the changes because it was not effective at how things got done, according to the report. The CEO also called on corporate workers to take responsibility for improving the company's performance.
"We own whether or not this place grows," Niccol reportedly said in an address to employees.
Starbucks did not immediately respond to a request for comment from MT Newswires.
Shares were edging 0.5% lower in recent trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 111.49, Change: -0.57, Percent Change: -0.51
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。