Starbucks cuts 300 US corporate jobs in cost-cutting push
Starbucks is laying off 300 U.S. corporate staff and closing regional offices to cut costs. The firm expects to pay about $120 million in severance benefits.
STARBUCKS CORP is laying off 300 U.S. corporate employees and closing regional support offices as it seeks to restore profitable growth. The company is consolidating operations in Atlanta, Burbank, Chicago, and Dallas as part of an effort to reduce complexity and lower costs. The moves follow mounting operational expenses from CEO Brian Niccol's turnaround strategy, which has prioritized barista staffing and store-level improvements.
### Consolidating Regional Operations The coffee giant announced the closures on Friday morning. While corporate roles are being eliminated, the company stated the changes will not impact its retail coffeehouses. Starbucks is also reviewing its international support organizations and expects additional job cuts outside the U.S.
