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Barchart
Ebube Jones

Starbucks Is Cutting Another 200+ Jobs as Restructuring Continues. The Turnaround Is Still on Track.

Starbucks (SBUX) is once again trimming its corporate ranks. The coffee giant filed a WARN notice last week covering 224 job separations tied to its Seattle headquarters, roughly 104 related to organizational changes and about 120 involving employees who declined transfers to Nashville.

This filing, scheduled to begin Oct. 19 and finish by Nov. 1, stems from the organizational restructuring the company announced in May. It includes 300 corporate layoffs, regional-office closures, and an expected $400 million in restructuring charges, including $120 million in employee-separation benefits.

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