Starbucks

About Starbucks

Starbucks Corporation is an American multinational coffeehouse chain and roaster of specialty coffee.

CEO: Kevin Johnson

Year Established: 1971

Last Year's Revenue (in billions): $29.13

Stock Symbol: SBUX

Headquarters Location: Seattle, WA

*As of 2023-11-20

Recent Layoff Information

Total Employees	Employees Laid Off (Estimated Yearly Total^[1])	Date of Last Layoff
340,000	1,700	August 2023

Total Employees	340,000
Employees Laid Off (Estimated Yearly Total^[1])	1,700
Date of Last Layoff	August 2023

Layoffs This Year

Layoffs Past 5 Years

Compared to All Companies

Note: Amazon and Walmart data ommited due to size.

Compared to All Companies as a Percentage (layoffs/employees)

Note: Amazon and Walmart data ommited due to size.

Compared to Sector

Compared to Sector As a Percentage (layoffs/employees)

Are More Layoffs Expected?

It is difficult to say with certainty whether or not Starbucks will have more layoffs in the next year. The company has not made any official announcements about future layoffs, and its decision will depend on a variety of factors, including its financial performance, economic conditions, and strategic priorities.

Reason for Layoffs

Starbucks' decision to layoff employees in 2023 was primarily driven by a combination of economic factors, business challenges, and strategic considerations.

Articles

The Great Pause: Inside the Fortune 500 Hiring Slowdown

December 29, 2023

When Snowflakes Turn to Severance Papers: The Most Grinchy Layoffs in Festive History

December 25, 2023

The Robot in the Room: AI and the Looming Shadow over 2024 Jobs

December 21, 2023

Our Top 10 Layoffs by Percentage in 2023

December 20, 2023

Unveiling the Stealthy World of Soft Layoffs

December 20, 2023

New Graduates Guide to Navigating the 2024 Workforce

December 18, 2023

Amidst Layoff Fog, Beacons of Hope: States with Sunshine in the 2024 Job Market

December 17, 2023

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[1]Layoff totals are the totals over the past year and not most recent round of layoffs. Totals will not be exact as it is not possible to track at that level of detail in real time. All information is gathered from SEC filings, WARN notices, news articles, social media posts, and users who post on our site. Layoffinsider uses various ai tools to help gather the data which is then reviewed by humans and cross checked for validity. If you suspect there is incorrect data then please reach out to us for prompt investigation. We want to be the number one trusted source for tracking layoffs.

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