Starbucks cuts 300 U.S. corporate jobs, flags international review as restructuring charge hits $400 million

Starbucks (SBUX) said May 15, 2026, it will eliminate 300 U.S. corporate roles and review its international team as CEO Brian Niccol pushes ahead with a turnaround plan aimed at lowering costs and reducing complexity. The company expects a $400 million restructuring charge tied to the move, including $280 million from U.S. office closures and $120 million for severance. Starbucks also plans to consolidate some U.S. offices. The cuts represent about 3% of Starbucks’ U.S. corporate workforce. The company employed 223,000 U.S. workers in its latest annual report, including 214,000 store employees and 9,000 corporate staff. Outside the U.S., Starbucks employed 158,000 workers, including 153,000 store employees and 5,000 corporate staff. Starbucks shares are up 26% year to date after the company reported 6.2% global same-store sales growth in its latest quarter, above Wall Street estimates of 3.7%, according to Bloomberg consensus data.