Inside Starbucks’ Secretive New Luxury Office: Why Closing to the CEO’s Coastal Home Could Change Everything for the Coffee Giant
Employees can choose to receive a cash buyout of an undisclosed amount if they prefer to leave the company instead of working in the office.
“The default for support partners should be working in person, in a Starbucks office,” Niccol wrote in the letter. “We understand not everyone will agree with this approach.”
Related: Starbucks Is Offering Executives $6 Million Performance-Based Stock Grants
Niccol became Starbucks CEO in September after leading Chipotle for six years as CEO. Under his leadership, Starbucks has tried to turn around slumping sales with a “Back to Starbucks” turnaround plan that has resulted in cuts to its menu, less wait time for coffee, and customers’ names written on cups in Sharpie.
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