The company intends to cut 300 jobs in the U.S., FinVersia reports. At the same time, as the company clarified, the layoffs will not affect employees of coffee shops. At the same time, the company intends to start an audit of its international corporate staff.
FinVersia notes that the total cost of the layoffs and office space review will be $400 million, including $280 million of non-cash write-offs related to the impairment of long-lived assets and $120 million of cash payments directly related to position reductions.
“We are taking further steps as part of our Back to Starbucks strategy to return the company to sustainable profitable growth,” the company said.
Analysts note that this is the third round of layoffs under CEO Brian Niccol: 1,100 layoffs were announced in February 2025, followed seven months later by the loss of another 900 jobs as part of a $1 billion restructuring plan. As of the end of September 2025, Starbucks had 9,000 corporate employees in the U.S. and 5,000 overseas.
