Starbucks is no longer requiring its U.S. workers to be vaccinated against COVID-19, reversing a policy it announced earlier this month.
In a memo sent Tuesday to employees, the Seattle coffee giant said it was responding to last week’s ruling by the U.S. Supreme Court. In a 6-3 vote, the court rejected the Biden administration’s plan to require vaccines or regular COVID testing at companies with more than 100 workers.
“We respect the court’s ruling and will comply,” Starbucks Chief Operating Officer John Culver wrote in the memo.
Starbucks' reversal is among the most high-profile corporate actions in response to the Supreme Court ruling. Many other big companies, including Target, have been mum on their plans.
On Jan. 3, Starbucks said it would require all employees to be vaccinated by Feb. 9 or face a weekly COVID test requirement. At the time, Culver said it was the responsibility of Starbucks' leadership “to do whatever we can to help keep you safe and create the safest work environment possible.”
In Tuesday's memo, Culver said the company continues to strongly encourage vaccinations and booster shots. The company also told workers on Tuesday that they shouldn't wear cloth masks to work, and should instead use medical-grade surgical masks.
Starbucks required workers to reveal their vaccination status by Jan. 10. The company said Wednesday that 90% have reported and the “vast majority” are fully vaccinated. Starbucks wouldn’t say what percent of workers are not fully vaccinated.
We may not be headed for a 2008-esque disaster, but increased geopolitical tension paired with the end of the tech boom means volatility could stick around.
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
