Starbucks to lay off 1,100 employees amid turnaround plan

From the Puget Sound Business Journal. Starbucks is laying off hundreds of corporate employees, CEO Brian Niccol said Monday. The Seattle coffee giant is shedding 1,100 jobs, in addition to several hundred more open positions, as the company tries to turn around its lagging financial performance. All impacted employees will be notified by Tuesday afternoon. "We are simplifying our structure, removing layers and duplication and creating smaller, more nimble teams," Niccol said in a letter to…