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Starbucks to lay off 300 U.S. employees, shutter some regional support offices
Starbucks to lay off 300 U.S. employees, shutter some regional support offices
Published Fri, May 15 2026 9:03 AM EDT
Updated 4 Hours Ago
Amelia Lucas
@Thxamelian
KEY POINTS
• Starbucks is laying off 300 U.S. corporate employees in its third round of job cuts under CEO Brian Niccol.
• The company is also shuttering some regional support offices.
• The coffee chain said the moves are part of its turnaround strategy and will help return the company to profitable growth.
Starbucks on Friday announced another round of corporate layoffs and said it plans to shutter some regional support offices as part of its ongoing turnaround.
The company said it will cut 300 U.S. jobs, adding it has started a review of its international corporate workforce. The layoffs do not affect its coffeehouse employees.
The combined severance costs and reassessment of its office space will result in restructuring charges of $400 million, the coffee chain said. Starbucks expects to record $280 million in noncash charges related to the impairment of long-lived assets and $120 million in cash charges tied to the job cuts.
{snip}
Published Fri, May 15 2026 9:03 AM EDT
Updated 4 Hours Ago
Amelia Lucas
@Thxamelian
KEY POINTS
• Starbucks is laying off 300 U.S. corporate employees in its third round of job cuts under CEO Brian Niccol.
• The company is also shuttering some regional support offices.
• The coffee chain said the moves are part of its turnaround strategy and will help return the company to profitable growth.
Starbucks on Friday announced another round of corporate layoffs and said it plans to shutter some regional support offices as part of its ongoing turnaround.
The company said it will cut 300 U.S. jobs, adding it has started a review of its international corporate workforce. The layoffs do not affect its coffeehouse employees.
The combined severance costs and reassessment of its office space will result in restructuring charges of $400 million, the coffee chain said. Starbucks expects to record $280 million in noncash charges related to the impairment of long-lived assets and $120 million in cash charges tied to the job cuts.
{snip}