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Starbucks Corporation (NASDAQ:SBUX) is included among the11 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 corporate positions and has also started reviewing its international support workforce.
The layoffs will not affect employees working in Starbucks stores.
The company said the latest restructuring steps, which also include closing some regional support offices and reevaluating office space needs, are expected to result in about $400 million in charges.
Starbucks expects around $280 million of that to come from noncash asset impairment charges, while another $120 million will be tied to severance and other cash-related restructuring costs.
This is the third round of layoffs since Niccol took over as CEO.
Back in February 2025, Starbucks announced plans to cut 1,100 jobs and leave several hundred open positions unfilled.
About seven months later, the company revealed another 900 nonretail job cuts as part of a broader $1 billion restructuring effort.
As of September 28, 2025, Starbucks had roughly 9,000 non-retail employees in the US and another 5,000 workers in international regional support roles, according to a regulatory filing.
Starbucks Corporation (NASDAQ:SBUX) is one of the world’s largest specialty coffee retailers, with operations spanning North America, China, Japan, Asia Pacific, Europe, the Middle East, Africa, Latin America, and the Caribbean.
While we acknowledge the potential of SBUX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
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