Starbucks cuts 300 corporate jobs as it seeks $2B savings
NewsBytes | May 15, 2026 11:39 PM CST
Starbucks regional offices close, $400 million restructuring
Starbucks will close regional offices in Atlanta, Chicago, Dallas, and Burbank; shifting most affected staff to remote work.
At the same time, it's investing $100 million in the Nashville office for 2,000 employees, thanks in part to Tennessee's lower taxes and location perks.
All these changes will cost Starbucks about $400 million in restructuring charges, including $280 million of non-cash charges tied to a review of Reserve and Roastery store locations and changes to corporate offices, plus $120 million in cash charges mostly linked to employee separation benefits.
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