Starbucks CEO announces job eliminations in support teams as part of 'Back to Starbucks' transformation

STARBUCKS CORP

Job eliminations expected for support teams; changes to be communicated by early March 2025.
Restructuring aims to reduce complexity, layers, and duplication in support organization.
In-store teams and store investment hours not affected; paid parental leave doubled for US retail teams.
Other initiatives: four-minute wait time goal, condiment bar return, removal of non-dairy milk upcharge.

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