From the archives
Starbucks workers begin 3-day strike for better working conditions
Strikes at 100 Starbucks stores are causing some closures and some instances of reduced staff to keep things running.
LEARN MOREStarbucks CEO declines to testify before Senate Labor Committee
Lawmakers want Starbucks CEO Howard Schultz to address allegations that the company has been actively engaged in union busting.
Starbucks CEO declines to testify before Senate Labor Committee
Ross D. Franklin / AP
February 15, 2023
The CEO of Starbucks, Howard Schultz, is refusing an invitation to testify before the Senate Labor Committee.
Lawmakers want Schultz to address allegations that Starbucks has been actively engaged in union busting. That's when companies put up roadblocks to keep their workers from forming a union to bargain for better pay and working conditions.
Starbucks sent a letter to the Labor Committee letting them know Schultz will be stepping down soon as interim CEO and that it would be better to wait until a new CEO is in place.
Starbucks operates nearly 16,000 stores in the United States.
Since 2021, employees at more than 250 Starbucks locations have voted to unionize.
Starbucks' new CEO Laxman Narasimhan takes his seat
Narasimhan succeeds longtime Starbucks leader Howard Schultz, who came out of retirement last spring to serve as interim CEO.
Amazon plans to eliminate 9,000 positions
Amazon announced it will cut 9,000 jobs from technology branches of the company, advertising and Twitch.
Silicon Valley Bank parent company files for bankruptcy
SVB Financial Group filed for Chapter 11 bankruptcy days after it was targeted in a class action lawsuit by shareholders.
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