logo
Starbucks says some remote workers may need to relocate to headquarters

Starbucks says some remote workers may need to relocate to headquarters

Globe and Mail14-07-2025
Starbucks Corp. SBUX-Q is requiring some remote workers to return to its headquarters and increasing the number of days that corporate employees are required to work in an office.
In a letter to employees posted on Monday, Starbucks chairman and chief executive Brian Niccol said corporate employees would need to be in the office four days a week starting in early October instead of three days a week.
The Seattle-based company said that all corporate 'people leaders' must be based in either Seattle or Toronto within 12 months. That is a change from February, when it required vice-presidents to relocate to Seattle or Toronto.
Starbucks said individual employees working under those leaders would not be asked to relocate. But the company said all hiring for future roles and lateral moves will require employees to be based in Seattle or Toronto.
'We are re-establishing our in-office culture because we do our best work when we're together. We share ideas more effectively, creatively solve hard problems, and move much faster,' Niccol wrote in the letter.
Even as office hours ramp up, downtown foot traffic is slow to rebound
Niccol said affected workers who choose not to relocate will be eligible for a one-time voluntary exit program with a cash payment.
While many workers grew to enjoy working from home during the pandemic, the call for workers to return to offices full-time has been growing over the past year. Major employers such as Amazon.com Inc., AT&T Inc. and the federal government have required employees to work in company sites five days per week. Competition for fully-remote jobs is fierce.
Starbucks spokeswoman Lori Torgerson said she didn't have a count of employees who are currently working as 'people leaders' or are working remotely. Starbucks has 16,000 corporate support employees worldwide, but that includes coffee roasters and warehouse staff.
Niccol was not required to relocate to Seattle when he was hired to lead Starbucks last August. Instead, the company said it would help him set up an office near his home in Newport Beach, Calif., and would give him the use of a corporate jet to commute to Seattle.
Since then, Niccol has bought a home in Seattle and is frequently seen at the company's headquarters, Torgerson said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kelly McParland: How Toronto built a condo glut amid a housing shortage
Kelly McParland: How Toronto built a condo glut amid a housing shortage

National Post

time37 minutes ago

  • National Post

Kelly McParland: How Toronto built a condo glut amid a housing shortage

Article content While agonizing over six-plexes, the city is eagerly filling its crowded core with a bevy of new towers so high they've been accorded their own descriptive. At least eight 'supertall' skyscrapers are in the works, the largest (for now) being the SkyTower at the very foot of Yonge Street on the Lake Ontario shoreline, in a neighbourhood once envisioned as a sort of waterfront oasis away from the downtown crowds, but long-since abandoned to forests of obstructive condo towers and office buildings. Article content SkyTower is just the first of six high-rises planned for an address that was previously home to the Toronto Star newspaper, traditionally a campaigner for a 'liveable,' low-rise city, but which decamped last year for a posh location a short distance away. Article content At 105 storeys, SkyTower is six storeys taller than 19 Bloor West, another 'supertall' planned farther north at the confluence of Yonge and Bloor, ground zero for high-end shoppers and fashionistas. That structure, in turn, is just down the street and nine metres taller than The One, a much-troubled 85-storey real estate catastrophe that's been through partnership battles, financial crises, creditor protection and high-wire legal warfare in the decade since it was announced as what would then have been the city's tallest condominium building. It's now being revamped and completed by a court-approved builder after failing to attract a buyer a year ago. Article content Glitzy as the supertalls may appear, they find themselves thrusting skyward in a market fast plunging in the opposite direction. A survey by research firm Urbanation Inc. reported that a total of just 502 condo units were sold in the second quarter across the entire Greater Toronto and Hamilton region, an area stretching well beyond Toronto itself to include some seven million people. Article content That's down 69 per cent from last year, and 91 per cent below the average of the past decade, the lowest levels in 30 years. Only 170 of those sales were in Toronto itself. Meanwhile, 19 Bloor West alone is expected to add almost 1,300 new units when it's completed. Article content Don't reach for your hankie just yet, mind. For years now, Toronto condo sales have been largely a game of buy-and-flip. Some 70 per cent of new units went to investors hoping to make a quick profit by flipping the end product once construction ended, or renting it out at eye-watering rates. But rents are falling along with the market glut, leaving investors holding units worth less than they agreed to pay and having trouble borrowing enough to cover the difference. Dozens of developments have been cancelled or delayed as a result, many stuffed with tiny units 400- to 600 square feet in size, built by developers persuaded people would happily attempt to raise families in shoeboxes. Article content Anyone old enough to remember when Canadian teams still won Stanley Cups should know that busts are as integral to the real estate business as tyrants are to Russia. There hasn't been a serious one in Ontario since a crash in the 1990s that lasted about seven years, so a substantial shock now could hardly be deemed unreasonable. Article content Maybe it will force some useful changes. Something has to happen to that mass backlog of tiny, unwanted boxes in the sky. You can't solve a housing shortage with base prices starting at $1 million. Nor can you pretend you're building 'homes' when seven in 10 go to quick-buck investors planning to flip them at the first opportunity. Article content If Toronto politicians want to get serious about a problem they love to moan about but never really address, they'll organize a future with fewer hundred-storey playpens that will 'Transform Toronto's Skyline' — as if that should be a priority for an overcrowded city with some of North America's worst traffic — and recognize that a few hundred six-plexes would do a lot more to serve home-hungry people than another vanity project in the sky. Article content

Worried about financial scams and bad advice? Stick to the investing basics
Worried about financial scams and bad advice? Stick to the investing basics

Globe and Mail

time11 hours ago

  • Globe and Mail

Worried about financial scams and bad advice? Stick to the investing basics

The investment industry is complex, confusing and intimidating for many people, and it's made worse by fraud, bad advice and high-risk investments. This combination of factors can be such a turnoff that some people avoid investing altogether. And that's a problem because it means they miss out on the opportunity to build their savings, which is a crucial part of having enough money for life's big expenses like postsecondary education and retirement. While it would be great if fraudsters disappeared, this isn't going to happen. The scams become more believable all the time and have increased their reach thanks to social media. A recent example is the David Rosenberg scam, where his image was used to convince investors to buy high-risk stocks. There are things that social-media platforms and regulators can do to curb the targeting of investors, but scammers will always find a way around roadblocks, so individuals need to figure out how to avoid falling victim. David Rosenberg says investment scam using his name bilked victims out of hundreds of thousands of dollars Unfortunately, many people feel ill-equipped to do so, with only 51 per cent of Canadians saying they have an understanding of investing. However, there are a few simple principles that everyone can follow. The surest way to avoid fraudulent and high-risk investments is to stick with the basics. While some people enjoy wading into the world of individual stocks, cryptocurrencies, and hedge funds, all anyone needs are guaranteed investment certificates (GICs), mutual funds and exchange-traded funds (ETFs). GICs are wonderfully simple and easy-to-understand products issued by financial institutions, making them safe and reliable. Mutual funds and ETFs are subject to regulation that requires the disclosure of standardized information in an easy-to-access format. This transparency keeps the financial companies accountable and gives investors the information they need to make good decisions. Once you start looking at unregulated investments (like private mortgages) or less regulated products (like hedge funds), you open yourself up to the risk of fraud, mismanagement and ultimately, losing money. Knowing what a reasonable rate of return is will also protect you from being lured into high-risk investments. A realistic rate of return on a portfolio of global stocks – which can be in the form of equity mutual funds or ETFs – is about 8 per cent per year on average. This is based on the historic returns of the U.S., Canadian and international stock markets. An investment that is touted as generating a significantly higher return than that should be questioned. You were targeted in a scam. Is your bank liable for the losses? The basic investment principle of risk and return says that you need to take on more risk to generate a higher return. While this principle works very well when it comes to GICs (low risk/low return) versus stocks (higher risk/higher return), unproven investments without a long track record cannot show this to be true. If an investment promises a high return, you have to question what kind of risk is being taken to generate that return – and that's not a risk that most people can afford to take. A good investment shouldn't need to be sold to you. There's a difference between getting advice on an investment and being sold an investment. Getting advice means someone is explaining what the product is, how much risk there is involved, how it has performed in the past, why it fits in with your investment plan, and how much it costs. Being sold an investment requires a marketing strategy: a way to grab your attention, hook you in, and ultimately convince you that you should buy it. Some signs to look out for that you are being sold an investment are eye-catching phrases like 'investment opportunity,' a sense of exclusivity or being let in on a secret, a promise of high returns, and a pushy or persistent salesperson – which can be anyone from an investment adviser to someone you met at the dog park. Investing is simple and there are no shortcuts to earning high returns. If you remember this, you should be able to spot a scammer from a mile away. Anita Bruinsma is a Toronto-based financial coach and a parent of two teenage boys. You can find her at Clarity Personal Finance.

MHCare renews calls for government to release AHS procurement investigation
MHCare renews calls for government to release AHS procurement investigation

Edmonton Journal

time17 hours ago

  • Edmonton Journal

MHCare renews calls for government to release AHS procurement investigation

Edmonton-based MHCare Medical Corporation renewed its call this week for the government to release an external audit report initiated by the since-fired head of Alberta Health Services (AHS) that it believes could exonerate the company and its CEO Sam Mraiche. Article content In a news release, MHCare says its lawyers have new questions about the audit which it claims was provided to former AHS CEO Athana Mentzelopoulos before she was fired in early January. Article content Article content Article content The following month, Mentzelopoulos launched a $1.7-million wrongful dismissal lawsuit, claiming she was fired after she investigated health procurement practices and contracts for private surgical facilities. Article content Article content Her lawsuit does not list MHCare as defendant, though it is mentioned in her statement of claim, with the company claiming those those references have resulted in ongoing reputable harm for itself and Mraiche. Article content MHCare's lawyers released copies of correspondence with a government of Alberta lawyer where they repeat their request for the audit to be released, saying it could help clear the company's name or lead it to pursue future litigation. Article content 'This information in particular is important for our client to obtain as they expect evidence and information to be available that will support a lawsuit against other currently unknown third parties, or will support our client's defence to any potential lawsuits against them,' the July 10 letter reads. Article content Article content It poses six questions to the government's lawyer, asking why a Toronto-led law firm and private investigator were chosen to lead the audit as well as additional queries around the cost and mandate of that audit. Article content It adds that details from the audit could be used by MHCare staff in potential questioning as part of ongoing investigations by the auditor general and the province's own inquiry led by retired Manitoba chief judge Raymond Wyant. Article content Wyant's was scheduled to report back this past spring but his initial report is now due Sept. 24 ahead of the final report on Oct. 15. The RCMP is also investigating. Article content On July 16, the government lawyer replied to MHCare's letter, saying the report could not be released as it was subject to legal privilege. Article content 'I am not in a position to respond to the various questions in your letter as they involve specific matters relating to the litigation and are subject to various privileges as well as the deemed undertaking under the rules,' the correspondence released by MHCare reads.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store