Starbucks Corp. is experiencing a significant decrease in bonuses for its corporate employees, with many receiving only 60% of their overall bonuses for the most recent fiscal year.
This decline is due to the company's disappointing financial performance, which is the worst sales year since the pandemic began. The fiscal year ended on September 29, and the weaker-than-expected results have affected bonus payouts, even for employees who met their personal performance goals.
This situation has arisen as a result of the overall financial shortfall experienced by the coffee giant.