Starbucks Cuts 300 Jobs, Projects $400 Million Restructuring Charge

Starbucks announced the layoffs on Friday, marking its third round of corporate job cuts since February 2025. The company has been trimming white‑collar staff as part of a broader cost‑saving push across retail and tech sectors.

Earlier this year it eliminated 1,100 global support roles and later announced another 900 cuts alongside store closures. In addition, Starbucks tightened return‑to‑office expectations, opened a Nashville satellite office, and reorganized teams to revive sluggish sales growth. Starbucks’ stock gained more than 26% year to date before the latest job cuts were announced.

The 300 positions affect U.S. support functions such as finance, human resources, and technology. Starbucks forecasts a $400 million restructuring charge, broken down into about $120 million for employee severance and roughly $280 million for accounting costs linked to office leases.

A spokesperson said the cuts sharpen focus, prioritize work, reduce complexity, and lower costs under the Back to Starbucks strategy. The company also noted it is reviewing its international support organization, which could lead to further layoffs outside the United States.

The move reduces Starbucks’ corporate overhead and aims to improve profitability as comparable‑store sales rose 6.2% in April. Investors may see short‑term expense pressure but anticipate longer‑term margin gains from a leaner cost base.

The layoffs also reflect a wider trend of corporations consolidating office space and cutting white‑collar roles to boost efficiency. Peers in the coffee and quick‑service restaurant sectors have reported similar cuts.

Analysts will monitor Starbucks’ upcoming quarterly results for any impact on earnings and whether the company announces further international staffing reviews. They will also watch for updates on lease consolidations and any changes to the company’s return‑to‑office policy.