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Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes
Simply Wall St.79d agobearish
Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes

Starbucks announced a major corporate restructuring under its "Back to Starbucks" turnaround program. The plan includes closing multiple US regional support offices and cutting about 300 corporate roles. The company expects a $400 million charge tied to the restructuring and a broader $2 billion cost-saving effort. Starbucks will consolidate US and international support functions and open a new corporate office in Nashville. For investors watching NasdaqGS:SBUX, this move comes with the...

Starbucks delivers tough update on regional offices, cuts 100s of jobs
TheStreet80d agobearish
Starbucks delivers tough update on regional offices, cuts 100s of jobs

Starbucks is trying to bring customers back to its coffeehouses, but the company’s turnaround is coming at the cost of yet another painful message for its workers. Away from the coffee houses, this time the Seattle-based coffee giant is going for corporate jobs and closing several regional support ...

Jim Cramer Shares Unmissable Insights For Starbucks (SBUX)
Insider Monkey80d agobearish
Jim Cramer Shares Unmissable Insights For Starbucks (SBUX)

We recently published Jim Cramer’s Latest Thoughts On Cisco, NVIDIA & Other AI Stocks. Starbucks Corporation (NASDAQ:SBUX) is one the stocks discussed by Jim Cramer. Coffee retailer Starbucks Corporation (NASDAQ:SBUX)’s shares are up by 22% over the past year and by 27% year-to-date. Cramer has frequently discussed the firm over the past several months and […]

Starbucks to Cut 300 Corporate Jobs as Turnaround Efforts Continue
Insider Monkey82d agoneutral
Starbucks to Cut 300 Corporate Jobs as Turnaround Efforts Continue

Starbucks Corporation (NASDAQ:SBUX) is included among the 11 Best Rising Dividend Stocks to Buy Right Now. On May 15, CNBC reported that Starbucks Corporation (NASDAQ:SBUX) is making another round of corporate job cuts as the company pushes ahead with its turnaround strategy under CEO Brian Niccol. The coffee chain said it will eliminate 300 US […]

Starbucks cuts 300 US corporate jobs and closes some regional offices
Reuters Videos83d agobearishVIDEO
Starbucks cuts 300 US corporate jobs and closes some regional offices

<body><p>STORY: Starbucks on Friday said it is cutting 300 U.S. corporate jobs as it seeks to return to what it called, "durable, profitable growth."&nbsp;</p><p>:: Archive</p><p>The coffee chain will close several regional offices, including locations in Atlanta, Burbank, Chicago and Dallas.</p><p>:: Starbucks Handout</p><p>It's also reviewing its international support teams, and expects more job cuts outside the U.S.</p><p>The latest round of job cuts at Starbucks - which included last year's elimination of 1,100 corporate roles - comes amid CEO Brian Niccol's turnaround strategy focused on improving customers' in-store experiences.</p><p>:: Starbucks Handout</p><p>The layoffs therefore do not affect Starbucks&nbsp;coffeehouses, where the company is actually investing heavily in more barista staffing.</p><p>Starbucks last month posted its strongest quarterly sales growth in more than two years, but margins have dropped sharply since late 2024.</p><p>Under an incentives plan approved last summer, top Starbucks executives could receive up to 6 million dollars each if cost-cutting targets are met by 2027.&nbsp;</p><p>Even as it cuts costs, Starbucks is investing 100 million dollars to expand in the Southeast, including a new support hub in Nashville that could employ up to 2,000 people over the next five years.</p></body>