Starbucks: Starbucks to lay off 1,100 corporate workers

Starbucks announced that the company is laying off 1,100 corporate employees and eliminate hundreds of open roles. Starbucks CEO Brian Niccol said in a letter to employees on Monday that the company is simplifying its structure by shedding redundant roles and "creating smaller, more nimble teams." "We believe it's a necessary change to p...