1237 ET - Starbucks is laying off 1,100 corporate workers as it seeks to reduce management layers and operate more efficiently, with many of those workers in its home state of Washington. Starbucks said in a letter to the state's unemployment division that 612 of the layoffs are workers based in its Seattle headquarters or remote employees who report there, according to a records request. Those layoffs will begin to occur on May 2, with another tranche 13 days after, according to the notice. Starbucks shares are up 26% so far this year. (heather.haddon@wsj.com; @heatherhaddon)
(END) Dow Jones Newswires
February 27, 2025 12:37 ET (17:37 GMT)
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