At quite an uncertain time, Starbucks is making an effort to add more stability—in the form of creating 240,000 new jobs, globally, within the next 4 years.
This will actually amount to approximately 68,000 jobs in the United States alone, which is part of a directive to open at least 3,400 new stores by 2021. This also includes, at least partly, several programs the coffee chain sponsors whose purpose is to hire groups like veterans and teenagers. Starbucks currently operates in more than six dozen countries.
Schultz, 63, has relinquished his CEO title but will remain with the company as an executive chairman. This will allow him more time to focus on the social issues that matter to him.
“I’m committed to doing everything I can as a private citizen to try and elevate the national conversation about these issues,” Schultz said. “I’m very, very concerned about the fragile nature of the world and the uncertainty in America and want to do everything I can to really improve the situation for those people who do not have a voice.”
You may be aware that Starbucks boasts it met its initial goal to hire 10,000 veterans and military spouses approaching its 2018 deadline. But the company is also planning to expand this program to 25,000 new military hires by 2025.
In addition, Starbucks has committed to efforts in conjunction with the UN Refugee Agency, the International Rescue Committee’s #WithRefugees campaign, and the Tent Partnership of Refugees to “scale up the company’s support and efforts to reach refugee candidates.” Thus, the coffee chain will hire 10,000 refugees by the year 2022.
Of course, this may not be an easy task amid the current political climate laid out by US President Donald Trump. Schultz remains unwavering. He says the company can weather this storm.
In a statement, Schultz reveals: “I think that Starbucks has demonstrated over 40 plus years our unique ability to navigate successfully through lots of cyclical changes in the economy and political administrations. I’m very confident that we will be able to do that.”
And to assist with this, Starbucks is also adding three new executive board members. The shareholders have elected former Sam’s Club president and CEO Rosalind Brewer; executive chairman of Lego, Jorgen Vig Knudstop; and Microsoft CEO Satya Nadella.