Starbucks Announced To Terminate Its Corporate Employees
An American company that operates the largest coffeehouse chain and one of the most recognisable brands in the world announced the cut of 1,100 jobs as part of its ongoing effort to streamline operations and increase overall efficiency. The coffee giant decision comes as it looks to restructure its corporate workforce to better align with…
Indian-Origin Laxman Narasimhan Will Join Starbucks As New CEO
Starbucks named India-born Laxman Narasimhan its next CEO. The world’s biggest coffee chain has elected an executive who is acknowledged to revive ‘Lysol,’ the disinfectants maker company. As a Chief Executive Officer, Mr Narasimhan has served Reckitt, the company that manufactures Durex condoms, Mucinex cough syrup, and Enfamil baby formula. FTSE-listed Reckitt shares dropped by…