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Ottawa Backs Down on Digital Tax Dispute Amid Pressure from Trump White House

Canada has reportedly agreed to delay its planned digital services tax (DST) following pressure from former U.S. President Donald Trump’s administration, according to a recent statement from the White House. The tax, which was originally slated to target tech giants like Amazon, Meta, and Google, had been a major sticking point in U.S.-Canada trade discussions. The White House claimed Canada “caved” to U.S. demands after months of negotiations, with Trump’s team arguing the tax unfairly targeted American firms. The Canadian government, however, framed the delay as a strategic move to preserve economic stability and avoid retaliatory tariffs. Critics within Canada argue that the government’s decision reflects a growing trend of yielding to U.S. economic influence, while others say the delay is pragmatic given ongoing global talks about a coordinated approach to taxing digital revenues. The issue remains contentious, and observers are watching closely to see whether Canada will revive th...
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Starbucks Announces Layoffs Amid Operational Streamlining

 

Starbucks has announced plans to lay off 1,100 corporate employees globally as part of a broader effort to streamline operations under the leadership of new Chairman and CEO Brian Niccol. In a letter to employees released on Monday, Niccol outlined the company's intent to operate more efficiently, increase accountability, reduce complexity, and drive better integration.

The layoffs will affect corporate support employees, but baristas and other store-level staff will not be impacted. Additionally, several hundred open and unfilled positions will be eliminated. Niccol emphasized the need for all work to be overseen by decision-makers to reduce the complexity of Starbucks' structure and eliminate silos that hinder communication.

Niccol, who was hired last fall to address sluggish sales, has also implemented changes to improve service times, particularly during the morning rush, and re-establish Starbucks locations as community gathering places. The company is also cutting items from its menu and experimenting with ordering algorithms to better manage its mix of mobile, drive-thru, and in-store orders.

Despite a 2% decline in global same-store sales during its 2024 fiscal year, Starbucks has seen positive results from recent changes, including the decision to stop charging extra for non-dairy milk and streamlining the menu. These efforts have boosted store traffic and improved service, leading to a modest increase in Starbucks' shares.



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