Starbucks announced layoff of ~300 U.S. support roles and is reviewing its international support organization for further cuts.
The company will incur $400 million restructuring charges, $280 million non‑cash asset impairments and $120 million cash separation benefits.
Starbucks aims to cut $2 billion in costs by FY2028, awarding executives $6 million in stock bonuses.
Regional office closures include Chicago, Atlanta, Dallas, Burbank; North American hubs retained in New York, Toronto, Coral Gables, Seattle, Nashville.