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 Starbucks Has Many More Top Executives Than Rival Restaurants

 Starbucks Has Many More Top Executives Than Rival Restaurants

(Bloomberg) -- News that Starbucks Corp. is planning an executive shake-up and corporate layoffs may not have come as a surprise to anyone who’s seen its top-heavy org chart, comprising 53 names and headshots.

Bloomberg reported this week that the coffee giant is planning structural changes starting at the top levels in order to help it make decisions faster. The chain has dozens more executive-level managers listed than any of its 10 largest competitors, according to data compiled by Bloomberg from corporate websites and filings.

 Starbucks Has Many More Top Executives Than Rival Restaurants

Starbucks hasn’t said yet how it will amend its structure, though it said the changes are starting this week. A spokeswoman said Monday they will entail an undetermined number of layoffs and include some employee shifts between company departments. Starbucks declined to comment further on Thursday.

The list of executives on Starbucks’ website includes C-Suite executives, presidents, executive vice presidents, senior vice presidents and a vice president of investor relations. The list is almost three times longer than the next restaurant operator by management-team size, Olive Garden parent Darden Restaurants Inc., which names 19.

--With assistance from Joshua Masci.

To contact the reporters on this story: Anne Riley Moffat in New York at ariley17@bloomberg.net;Leslie Patton in Chicago at lpatton5@bloomberg.net

To contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Jonathan Roeder

©2018 Bloomberg L.P.