Starbucks Cuts 180 London and Hong Kong Jobs as Licensees Gain More Control
Updated
Updated · Bloomberg · Jun 19
Starbucks Cuts 180 London and Hong Kong Jobs as Licensees Gain More Control
1 articles · Updated · Bloomberg · Jun 19
Summary
About 180 corporate roles were eliminated across Starbucks’ international hubs, including roughly 120 positions in London and about 60 in Hong Kong.
The cuts are part of a global restructuring that gives third-party licensees more latitude to run Starbucks stores outside North America.
Hong Kong’s reductions amount to about 20% of staff in the office overseeing Asia-Pacific markets excluding China and Japan, while London serves as the base for Europe, the Middle East and Africa.
The move signals Starbucks is shrinking central oversight in overseas markets as it leans more heavily on local operating partners.