Starbucks Middle East Franchisee to Lay Off Over 2,000 Employees Amid Boycotts
The layoffs come as a response to challenging trading conditions and intensified boycotts linked to the Israel-Gaza conflict.
- Starbucks Middle East franchisee, Alshaya Group, plans to lay off over 2,000 employees amid boycotts related to the Israel-Gaza conflict.
- The layoffs represent about 4% of Alshaya's workforce, impacting Starbucks stores across the Middle East, North Africa, and Central Asia.
- Boycotts against Starbucks and other Western brands have intensified following the company's legal actions and perceived support for Israel.
- Starbucks has denied funding any government or military operations and emphasizes its non-political stance.
- The company's recent earnings report missed expectations, partly due to weaker sales in the Middle East region.