Big news at Starbucks! They have a new boss for their money! Cathy Smith is the new Chief Financial Officer (CFO). That's like the head person in charge of all the money.
- Cathy Smith is coming from Nordstrom, a big department store.
- She's replacing Rachel Ruggeri, who worked at Starbucks for almost 20 years.
- Starbucks is trying to make things better and sell more coffee.
- They are making changes to the stores and how they work.
- They even let go of 1100 office workers to save money.
| Change | Details |
|---|---|
| New CFO | Cathy Smith from Nordstrom |
| Employees Laid Off | 1100 worldwide |
| Starbucks Goal | Improve sales and customer experience |
These changes mean Starbucks is trying hard to be a better place. It will be interesting to see what happens next!
