Starbucks Gives Baristas Smaller Pay Raises After Tough Year (1)

Raises for many Starbucks Corp. baristas will shrink in light of the company’s worst financial results since the pandemic.

Pay increases will generally range from 2% to 3% depending on seniority, with some exceptions, according to a document seen by Bloomberg News. A year ago, the company announced retail workers would be getting raises of at least 3%, with those having five years or more of tenure receiving at least 5%.

This year, hourly employees with five years of service will get a 3% increase or a bump that brings their wages to at least 10% above their market’s starting ...