Starbucks will cut 300 US corporate positions and close four regional offices, triggering a $400mn restructuring charge. This marks the third round of white-collar layoffs since 2025, following 900 cuts last September and 1,100 in February. The moves come as sales rebound under CEO Brian Niccol's 'Back to Starbucks' turnaround, which includes store renovations and new menu items.

Despite revenue growth, store operating expenses rose 7% in the first half of fiscal 2025, and operating profit margins remain below historical levels. Niccol has pledged $2bn in cost savings over two years. The company is also reviewing its international support structure after selling a majority stake in its China business, hinting at further overseas job cuts.

The closures affect offices in Atlanta, Chicago, Dallas, and Burbank, California. While a new 2,000-person office opens in Nashville, Tennessee, the Seattle headquarters faces local criticism. Former CEO Howard Schultz recently accused officials of anti-business rhetoric, linking it to the expansion plans. The $400mn charge includes $280mn in real estate impairments and $120mn in severance.