Starbucks is laying off around 300 U.S. support roles and reviewing its international support organization for further cuts.
“We are streamlining our real estate footprint and consolidating regional offices,” a spokesperson told Bond.az. The company expects additional role impacts outside the U.S.
Starbucks will incur $400 million in restructuring charges, including $280 million in non-cash impairments and $120 million in employee separation benefits.
These changes do not affect its coffeehouse portfolio. Shares rose about 1% on Friday.
The company aims to save $2 billion by fiscal 2028 through cost reductions and executive stock incentives.
