Starbucks announced on Friday that it will cut 300 corporate jobs in the U.S. and shut down some regional support offices as part of a push to "return the company to durable, profitable growth."
The company clarified that the cuts won't impact coffeehouses. The cost of the decision will amount to $400 million. A Starbucks spokesperson said in a statement to CNBC that company leadership has "taken a hard look at their respective functions to further sharpen focus, prioritize work, reduce complexity, and lower costs."
