Starbucks (SBUX) CEO Brian Niccol said in a blog post, “We will shift from required three-days in office to minimum of four-days in office: Common days will be Monday, Tuesday, Wednesday and Thursday; this applies to our Seattle and Toronto Support Centers as well as North America regional offices. To give partners time to adjust, this expectation will begin with the new fiscal year. We’ll share more details before October, including our plans to ensure everyone has an assigned dedicated desk. Niccol explained, “We want leaders and people managers to be physically present with their teams. In February we asked all vp+ leaders working remotely to begin relocating to Seattle or Toronto. We are now extending this requirement to all Support Center people leaders who will be expected to be based in Seattle or Toronto within 12 months.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBUX:
- “We Need…To Win Back Customers” Starbucks (NASDAQ:SBUX) Puts New Focus on Customer Recovery
- Starbucks Stock (SBUX) Forecast: AI Analyst Remains More Bullish Than Wall Street
- Rivian downgraded, PayPal upgraded: Wall Street’s top analyst calls
- Melius starts restaurants with Sells on McDonald’s and Starbucks
- Starbucks price target raised to $100 from $95 at Citi