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Starbucks to lay off 300 U.S. employees, shutter some regional support offices
The company said the cuts will support Brian Niccol’s turnaround plan and bring $400 million in restructuring charges, including $120 million in severance.
On Friday, Starbucks announced it will cut 300 U.S. corporate jobs and shutter regional support offices as part of its ongoing turnaround strategy to streamline operations.
CEO Brian Niccol has aggressively remade the company since September 2024, with this move marking the third round of corporate layoffs following major cuts in February and September 2025.
Restructuring charges will total $400 million, comprising $120 million in cash severance costs and $280 million in noncash charges related to leased office space impairment.
Despite the cuts, U.S. same-store sales grew 7.1% last quarter, and the company's stock rose more than 26% year to date before the latest announcement.
Consolidating office operations and opening a new Nashville satellite office, the company mirrors a broader pullback across corporate America where retailers are trimming white-collar staff.