Tag

Employee Treatment

All articles tagged with #employee treatment

businesseconomy2 years ago

Starbucks' Employee Treatment Boosts Economy and Earnings

Starbucks' stock jumped 12% and gained $10 billion in market cap after outperforming earnings expectations, with executives attributing the success to improved working conditions and investments in employees. The company's efforts to improve pay, scheduling, and equipment have led to lower turnover, increased productivity, and better financial results. This trend reflects a broader increase in productivity and hourly wages across the U.S. economy. Starbucks plans to continue investing in its employees and store operations, aiming to open thousands of new stores globally and counting on happier, higher-paid, and more productive workers.

Boston Chef Barbara Lynch Faces Accusations of Toxic Workplace Culture and Harassment
food-and-beverage2 years ago

Boston Chef Barbara Lynch Faces Accusations of Toxic Workplace Culture and Harassment

Employees of Barbara Lynch's restaurant group have spoken out about a toxic culture that has festered within her restaurants unchecked. The fight at Menton was indicative of a much larger problem within the Lynch empire. Lynch's intoxication at work routinely led to inappropriate behavior that often made it difficult to do their jobs: Lashing out at staff and guests, unwanted touching, and threats of violence. Two former employees filed a lawsuit alleging that Lynch’s collective had shorted them tips in the early days of the COVID-19 pandemic.

GameStop and AMC Stocks Surge with Profitable Quarters.
business2 years ago

GameStop and AMC Stocks Surge with Profitable Quarters.

GameStop reported a profit of $48.2 million in the last quarter of 2022, largely due to cost-cutting measures such as layoffs, store closures, and reduced hours for employees. CEO Matt Furlong plans to continue aggressively cutting costs into 2023 and beyond, including winding down business in some European countries. However, these cost-cutting measures have led to concerns about employee treatment, with workers reporting dangerous and exhausting working conditions.