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Starbucks is announcing a major restructuring as it lays off 1,100 corporate workers from its headquarters in Seattle. CEO Brian Niccol reveals the cuts on Monday, emphasizing the need to streamline operations in response to slumping sales and a challenging market environment. The layoffs, which exclusively target corporate positions, reflect a strategic shift aimed at refocusing resources on areas that promise stronger returns and sustainable growth. While the company undertakes this corporate shakeup, workers in its thousands of cafes remain unaffected, ensuring that customer service and daily operations continue without disruption.
