Starbucks announces 300 more corporate layoffs, shutters multiple regional offices

Key Points:

• Starbucks announced layoffs of 300 corporate employees and plans to close several regional support offices, including locations in Dallas, Chicago, and Atlanta, resulting in $400 million in restructuring charges.
• The recent layoffs primarily affect marketing, human resources, and supply chain management departments, with no cuts to coffeehouse or international staff; a review of the international corporate workforce is also underway.
• Earlier, Starbucks laid off 61 corporate workers in Seattle's technology department, while planning to hire or relocate 2,000 employees to a new Nashville office over the next five years.
• The company has also made cuts beyond corporate roles, including layoffs of retail employees in Seattle stores, some of which were involved in unionization efforts, though Starbucks denies union status influenced store closures.
• Despite the layoffs, Starbucks reported strong Q2 growth with $9.5 billion in revenue, a 9% increase year-over-year, and raised its sales outlook for the year, signaling ongoing business growth amid restructuring.