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Businessmodel

All articles tagged with #businessmodel

business2 years ago

"Blank Street Coffee Launches Subscription to Attract Daily Drinkers"

Blank Street Coffee, a rapidly expanding coffee chain, is aiming to attract daily coffee drinkers with a new subscription program called Blank Street Regulars. The program offers paying members discounted rates on drinks, with a cap on the number of drinks to prevent losses. Despite a valuation drop amid economic concerns, the company has seen significant interest in the program, with thousands of members and more on a waiting list. The subscription model is part of a broader trend among startups and established companies to generate steady revenue and build customer loyalty. Blank Street Coffee has raised about $100 million in funding and is working on expanding capacity to accommodate the growing demand for its subscription service.

business2 years ago

"Xerox Announces 15% Workforce Reduction in Strategic Reinvention Plan"

Xerox has announced a restructuring plan that will result in a 15% reduction of its global workforce. The move is part of a new operating model aimed at improving the core print business, increasing productivity and efficiency, and diversifying revenue. The layoffs will affect operations globally, including the company's Rochester-area operations in Webster. Xerox, which was founded in Rochester in 1906 and has been headquartered in Connecticut since 1969, is committed to providing support for affected employees. As of the 2022 annual report, Xerox had 20,500 employees worldwide.