Starbucks Mandates Four-Day In-Office Work for Corporate Staff
Starbucks is implementing a policy requiring its corporate employees to work from the office four days a week, reflecting a shift towards more in-person work arrangements.
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Corporate Staff
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"Walmart Revamps Corporate Staff Titles and Pay Structure"
Walmart is implementing changes to job titles and pay structure for its corporate staff, with the updates set to take effect in November. While base pay will not be reduced for current workers, some staff will receive new job titles without changes to their roles, responsibilities, type of work, or base pay. Walmart is also revising bonus targets and stock compensation plans. The company aims to remain competitive and streamline job titles across its campus office roles. Additionally, Walmart recently dropped college degree requirements for certain headquarters jobs and revised starting pay for specific roles.
"Walmart Revamps Job Titles and Pay for Corporate Staff in Streamlining Effort"
Walmart is streamlining job titles across its corporate staff to remain competitive, with some employees receiving new titles but no changes to their roles, responsibilities, or base pay. The reclassification will result in fewer groups of possible titles and, in some cases, pay changes starting in November. Stock option awards will remain the same or increase for most employees, while a small percentage will see a decrease to align compensation across geographies. This move follows Walmart's recent change to the hourly starting wage structure for entry-level store workers.
"CVS Implements Major Layoffs, Cutting 5,000 Jobs"
CVS is laying off approximately 5,000 employees in non-customer facing positions, primarily affecting its corporate staff, as part of a cost-cutting effort to adapt to new consumer health needs and reduce expenses. The pharmacy chain assures that there will be no impact on customer-facing colleagues in stores, pharmacies, clinics, or customer service centers. CVS has been focusing on health services and recently closed 900 stores in response to changing consumer buying patterns. The layoffs come ahead of CVS' quarterly earnings report.
Walgreens to Cut 10% of Corporate Jobs, Including in Deerfield and Chicago.
Walgreens Boots Alliance will cut about 10% of its corporate staff, or 504 roles, as it focuses on consumer-facing healthcare businesses and streamlines operations. The move comes as the company aims to regain market share lost during the pandemic by reducing the pay gap and increasing automation at fulfillment centers. None of the job cuts will affect store, micro-fulfillment outlet, or call center employees.
Navigating Layoffs: Tips for Coping and Career Resilience
The process of deciding who to lay off in a company can take weeks due to the current shortage of workers. Department heads lead the process of selecting employees, while human resources troubleshoots their lists, leading to intense debate and multiple rewrites.