Starbucks mandates four-day workweek, offers buyout | JQJO

Starbucks is mandating a four-day workweek in the office for corporate employees starting October, offering a severance package for those who decline. CEO Brian Niccol cited the need for improved human connection and a turnaround strategy as reasoning. This decision follows previous office return mandates and job cuts aimed at streamlining operations and reversing slumping US sales. The announcement caused a slight dip in Starbucks' stock price, despite a recent market cap increase. This move places Starbucks among other companies recently enforcing a return-to-office policy.