Starbucks staff to return to office four days a week
The expanded return-to-work policy is set to kick in on September 29. Niccol said employees should expect to come into offices Monday through Thursday for 'common days.' All managers at support centers are also required to relocate to Seattle or Toronto within 12 months.
Individual contributors who do not manage other Starbucks employees can stay remote. However, all future hires at Starbuck's support center must be based close to the company's headquarters. 'Being in person also helps us build and strengthen our culture.
As we work to turn the business around, all these things matter more than ever,' the chief executive said. 'We want leaders and people managers to be physically present with their teams.'
Niccol, who will complete a year in the job in less than two months, has been steering Starbucks back to its coffeehouse roots.
In February, the coffee chain operator asked the remotely working vice president level leadership to begin relocating to Seattle or Toronto.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
25 minutes ago
- Reuters
Breakingviews - Trump's degraded data is worse than book-cooking
WASHINGTON, Aug 4 (Reuters Breakingviews) - Donald Trump's stance on Covid-19 turned out to be a prelude for his second term. The U.S. president, who in 2020 argued that 'If we stopped testing right now, we'd have very few cases' of the coronavirus, is applying this logic to environmental, health, and - with the firing of the top Labor Department statistician — economic data. With presumably committed professional staff still in place and alternative data sources available, the main risk of isn't fake, rosy data — it's that firms, investors and policymakers will see pillars of the market crumble. The Bureau of Labor Statistics each month estimates jobs created in the prior period and updates its two previous estimates. Glum numbers on Friday prompted Trump to shoot the messenger. Following a report that 73,000 jobs were added in July, combined with a reduction of 258,000 for May and June's numbers, the president fired BLS Commissioner Erika McEntarfer. His argument that the employment survey is biased, and that revisions were tilted in favor of former President Joe Biden, does not survive under scrutiny. The agency revised, opens new tab down job growth by 818,000 during 2024's presidential election—hardly positive news for an incumbent administration. While this revision was large, volatility is unsurprising amid a trade war and immigration restrictionism. This president is already dismantling other research bodies, whether at the Environmental Protection Agency, or the carbon-tracking Mauna Loa observatory, or advisory boards at the Food and Drug Administration and Centers for Disease Control. Companies and whole sectors, like insurance and pharmaceuticals, rely on government data for myriad uses: carbon markets, flood insurance calculations, automaker emissions compliance, solar energy output projections, disaster planning and resilience, creditworthiness for infrastructure projects, and more. There is no explicit promise to outright cook the books. Nonetheless, any threat to the integrity of this data degrades a vast infrastructure supporting modern markets, built up over more than a century. A ham-fisted push to skew the numbers would probably be self-destructive, drawing skepticism from outside professionals. Signals like resignations of remaining career staff will be clear. And, simply put, people know whether they have a job or not. Studies from countries that have manipulated official data, like Argentina, opens new tab, show that consumers don't trust fake figures, creating black markets to exploit any spread between fantasy and reality. Even without active sabotage, outdated practices may have slid in this direction by accident: officials warned, opens new tab that the BLS needs a refresh, including by jettisoning ever-less-reliable phone surveys and favoring real-time digital sources like job postings or credit card data. Those worries now get an extra political dimension, no matter what happens. Follow Gabriel Rubin on Bluesky, opens new tab and LinkedIn, opens new tab.
Reuters
25 minutes ago
- Reuters
Bridgewater founder Ray Dalio urges Trump to reveal why he fired top labor official
Aug 4 (Reuters) - Investor Ray Dalio said on Monday he, too, would likely have fired the commissioner of the Bureau of Labor Statistics because he "believes the data is not good", but urged U.S. President Donald Trump to disclose the reasoning behind her removal. In a post on social media platform X, Dalio - founder of hedge fund Bridgewater Associates - said leaders "manipulating numbers" to suit their political objectives could be a big problem, echoing growing concern around the quality of economic data. Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer last week, accusing her of rigging the jobs figures, but did not provide evidence of the alleged manipulation. "It would be good if President Trump made his thinking clear," Dalio said. Critics have warned Trump's move could erode trust in official U.S. economic data, with chief U.S. economist Michael Feroli saying the risks of politicizing the data collection process should not be overlooked. Trump said on Sunday he would announce a new BLS commissioner within three or four days. Dalio said the method of calculating estimates for employment numbers was "obsolete and error-prone" and called for big changes to the way government assesses what is going on with the economy. "The huge revisions in Friday's employment numbers are symptomatic of this, especially because the revisions brought the numbers toward private estimates that were in fact much better," he said in his post. Dalio handed over control of Bridgewater to a new generation of investors in 2022 and has sold his remaining stake in the firm.
The Independent
an hour ago
- The Independent
New Jersey says 3 chemical makers agree to 'forever chemical' settlement worth up to $2 billion
DuPont and two other companies will pay New Jersey up to $2 billion to settle environmental claims stemming from PFAS, commonly referred to as 'forever chemicals," the companies announced Monday. State Environmental Commissioner Shawn LaTourette said the deal with DuPont, Chemours and Corteva is the largest such settlement in the state's history. It calls for the companies to pay $875 million over 25 years and create a remediation fund of up $1.2 billion. The companies will split the costs under the deal, which must still be approved by the courts. PFAS, or perfluoroalkyl and polyfluoroalkyl substances, are a group of chemicals that have been around for decades and have now spread into the nation's air, water and soil. They are commonly referred to as 'forever chemicals.' DuPont said the settlement will resolve 'all pending environmental and other claims' for 'legacy" contamination claims at four sites where the companies operated in the state. It comes just months after the state said chemical manufacturer 3M has agreed to pay up $450 million to resolve lawsuits over natural resource contamination stemming from PFAS. "Polluters who place profit above public well-being by releasing poisonous PFAS and other contamination in our State can expect to be held responsible to clean up their mess and fully compensate the State and its citizens for the precious natural resources they've damaged or destroyed," LaTourette said. PFAS were manufactured by companies such as 3M, Chemours and others because they were incredibly useful. They helped eggs slide across non-stick frying pans, ensured that firefighting foam suffocates flames and helped clothes withstand rain and keep people dry. The chemicals resist breaking down, though, meaning they linger in the environment. Environmental activists say PFAS makers knew about the health harms of PFAS long before they were made public. The same attributes that make the chemicals so valuable – resistance to breakdown – make them hazardous to people. PFAS accumulate in the body, which is why the Environmental Protection Agency set their limits for drinking water at 4 parts per trillion for two common types — PFOA and PFOS — that are phased out of manufacturing but still are present in the environment.
