(Reuters) – Coffee retailer Starbucks Corp <SBUX.O> is planning an organizational shakeup, including corporate layoffs, Bloomberg reported on Monday.
The leadership and organizational changes will begin this week and carry on into November, Chief Executive Officer Kevin Johnson said, according to the Bloomberg report. (https://bloom.bg/2NxVI4F)
The changes will entail an undetermined number of layoffs, a Starbucks spokeswoman said, according to the report.
(Reporting by Rachit Vats in Bengaluru; Editing by Shounak Dasgupta)