Starbucks is calling corporate staff back four days a week to the office and offering a purchase to those who will leave the company instead.
One in Letter to employees On Monday, Starbucks CEO Brian Nicole said that at the beginning of the financial year of the company in October, workers will be expected to be four days a week, Monday to Thursday in office, Three-day requirement Established in 2023.
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However, he also introduced a way. Niccol stated that Starbucks corporate workers have an option of “undeclared value” with a cash payment “with one-time voluntary exit program” if they want to leave the company in response to the return-to-office mandate.
Nicole wrote, “For support partners, the default person should work with your team and cross-functional partner in a Starbucks office.” “We understand that not everyone will agree with this view.”
Nicole wrote that he has “heard” and “thought carefully” about the move of more-in-Person work, concluding that the office is the best step for Starbucks to move forward four days a week in the office. Employees do their “best work” when they are together, and in-tradition work strengthens the company’s culture, Nikkol insisted.
Nicole wrote, “As a company built on human connection, and given the scale of further changes, we believe this is the right way for Starbucks.”
Starbucks CEO Brian Nicole. Photo by Michael Reeves/Getty Image
Nicole became CEO of Starbucks September 2024 After spending six years, Chipatl was led. Starbucks pays to use a corporate jet for Nikkol, which is about 1,000 miles from its home in Newport Beach, California, at the company’s headquarters in Seattle, Washington. A Starbucks representative said that his work is more than three days a week in the schedule office. CNBC in August.
Under the leadership of Nikkol, Starbucks has launched a turnaround plan, which has been made a turnaround plan called “” “.Back to Starbucks“Slamping is designed to revive sales and create more coffee chain of a welcome space for customers.
The changes made so far include cutting the menu by cutting 30%, which aims to make coffee Under four minutesAnd offering a personal touch by Customers’ name below On their cup.
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So far, sales are still decreasing. Starbucks’ Most recent financial results In April, it was shown that the sales of global stores have declined by 1% for the quarter ending March 30 as compared to the same period last year. In the US, store sales fell 2% for the quarter.
Starbucks still opened 213 net new stores in the quarter, which ended the period with 40,789 global stores. More than 17,000 of those shops were located in America
Starbucks shares were More than 2% Year to year at the time of writing. Coffee series was the market value $ 106.85 billion,
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