The sudden departure of Starbucks CEO Laxman Narasimhan has reignited discussions about his work-life balance philosophy after a video of him stating he doesn’t work past 6 pm resurfaced online. The video has gone viral, with many social media users questioning if his rigid stance contributed to his firing, which comes amidst declining sales and pressure from investors.
CNBC’s Jim Cramer expressed severe criticism towards Starbucks CEO Laxman Narasimhan after the company’s disappointing financial results and guidance miss. Cramer questioned Narasimhan’s optimism and proposed action plan, highlighting concerns about the company’s declining performance and aggressive expansion strategy. Despite Narasimhan’s assurances of a strong foundation and loyalty among core customers, Cramer remains skeptical about Starbucks’ ability to address its challenges.
