Image via Financial Post
Starbucks Corp.: Layoffs
Starbucks is cutting an additional 300 corporate jobs as part of ongoing cost-reduction initiatives
Source: Financial Post
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
Market context: the MitchelLake Talent Market Index reads 114.6 — Hot (+16.3 vs prior month); Americas signal share is steady (-1.3pts).
MitchelLake in this thematic
Our work · 2023
Chief Revenue Officer
Airlock Digital Pty Ltd
Americas · Cybersecurity · c-suite · sales
Our work · 2022
Head of eCommerce and Consumer Experience (CX) / GM North America
LittleOak
Americas · Ecommerce · cross-border · ecommerce-growth
Our work · 2020
Lead Engineer
Ojamu Holdings Pte Ltd
Americas · Web3 & Blockchain · engineering · web3
More signals across Americas
Layoffs · Americas
Epic Games →Epic Games laid off 1,000 employees following significant downturn in Fortnite engagement. CEO Tim Sweeney cited challenges in delivering consistent seasonal content.
Layoffs · Americas
FanDuel →FanDuel has undergone its third round of layoffs in less than a year, with a few hundred employees laid off across software engineering, customer service, and business development. This is part of a broader restructuring following CEO Amy Howe's departure in May and the sunsetning of FanDuel TV network.
Layoffs · Americas
Clickup →ClickUp CEO Zeb Evans announced a 22% headcount reduction while claiming the business is 'the strongest it's ever been.' The layoff accompanied a major organizational restructuring around AI agents, with new roles emerging: agent managers, product builders, and system owners.
Layoffs · Americas
Brookfield →Brookfield has dramatically reduced its D.C. presence by laying off staff and offloading office buildings, preparing to largely end operations in the nation's capital
Layoffs · Americas
ESPN →ESPN acquiring NFL Network, with planned layoffs across off-air and on-air employees due to operational duplication and cost reduction targets
Layoffs · Americas
Cloudflare →Company cutting or planning to lay off employees as it becomes 'AI native'