Starbucks is reassessing its approach to innovation, recently deciding to halt the deployment of its Siren automated systems in favor of hiring more baristas to enhance customer interactions. CEO Brian Niccol indicated that this shift aims to improve sales and customer experiences as the company faces slowing growth and competition. Starting in May, Starbucks will expand its “Green Apron service model,” focusing on staffing and personal customer touches while continuing to test a new algorithm to reduce wait times in stores and drive-thrus.
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Increased Number of Americans Living Paycheck to Paycheck
Many Americans, especially younger workers, struggle to save for retirement, with 42% living paycheck to paycheck and lacking spare savings after essential expenses, as reported by Goldman Sachs. The shift from pensions to 401(k) plans has placed the burden of retirement savings on individuals, exacerbating financial pressures amidst rising costs of living. Want More Context? 🔎
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