<p>Starbucks CEO Brian Niccol said on Friday the coffee giant will cut jobs to optimize its support teams as part of the company's ongoing turnaround efforts.</p>.<p>The details of the job cuts, to be announced by early March, will not affect the company's in-store teams or the investments it makes in store hours, he added.</p>.<p>Niccol, the former Chipotle Mexican Grill head, who is four months into his new role at Starbucks has set forth a raft of measures to improve the coffee chain's business, which took a hit from increased competition and weakening demand in the US and China.</p>.Federal Reserve withdraws from global regulatory climate change group.<p>"Our size and structure can slow us down, with too many layers, managers of small teams and roles focused primarily on coordinating work," Niccol said in a statement, adding that he will examine the role, structure and size of support teams globally.</p>.<p>The company suspended forecast for its fiscal year 2025 in October and laid out plans to overhaul its US locations, adding more comfortable seating, ceramic mugs and a coffee-condiment bar, with customer wait times of less than four minutes.</p>.<p>On Thursday, Starbucks' lead independent director on its board, Mellody Hobson, said she would retire after nearly two decades with the company. </p>
<p>Starbucks CEO Brian Niccol said on Friday the coffee giant will cut jobs to optimize its support teams as part of the company's ongoing turnaround efforts.</p>.<p>The details of the job cuts, to be announced by early March, will not affect the company's in-store teams or the investments it makes in store hours, he added.</p>.<p>Niccol, the former Chipotle Mexican Grill head, who is four months into his new role at Starbucks has set forth a raft of measures to improve the coffee chain's business, which took a hit from increased competition and weakening demand in the US and China.</p>.Federal Reserve withdraws from global regulatory climate change group.<p>"Our size and structure can slow us down, with too many layers, managers of small teams and roles focused primarily on coordinating work," Niccol said in a statement, adding that he will examine the role, structure and size of support teams globally.</p>.<p>The company suspended forecast for its fiscal year 2025 in October and laid out plans to overhaul its US locations, adding more comfortable seating, ceramic mugs and a coffee-condiment bar, with customer wait times of less than four minutes.</p>.<p>On Thursday, Starbucks' lead independent director on its board, Mellody Hobson, said she would retire after nearly two decades with the company. </p>