According to a Bloomberg report, Starbucks is planning an organizational reshuffle that could include layoffs.(Photo: Gene J. Puskar, AP)

According to a letter sent to employees by CEO Kevin Johnson, Starbucks plans to make "significant changes" to its organizational structure.

The restructuring, which could include layoffs, aims to fight the drop in sales of the popular coffee retailer and boost investor interest, Bloomberg reported Monday.

"We need to increase the speed of innovation that is relevant to our customers, inspire our partners and that is meaningful to our business," Johnson said in a memo sent after last week's meeting seen by USA TODAY. "To do this, we will make significant changes to the way we work as leaders in all areas of society."

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Leadership changes and organizational changes will begin this week and will continue until mid-November, according to the letter.

The coffee giant's mission is to increase growth and turnover and increase innovation in an ever-changing sales market. Starbucks announced earlier this year that it will accelerate the pace at which it will close underperforming stores in areas that already pack them. The Seattle-based channel typically closes about 50 sites a year, but in June it announced the closure of 150 sites in that year.

In July, the company reported net income of $ 6.3 billion in the third quarter, up 11% over the previous year.

Starbucks declined to comment.

Contributor: Zlati Meyer, USA TODAY & # 39; HUI

Follow N & # 39; dea Yancey-Bragg on Twitter: @NdeaYanceyBragg

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