Starbucks To Cut 300 US Jobs, Close Regional Offices — Flags $400M In 2026 Restructuring Costs

• Starbucks stated that roughly $280 million of the charges will be non-cash and tied to long-lived asset impairments.
• The remaining $120 million will primarily consist of cash charges related to employee separation costs as part of further optimization of its global support organization.
• This is the third round of layoffs under Starbucks CEO Brian Niccol, who took over in September 2024.

Starbucks Corp. (SBUX) on Friday announced its third round of job cuts, affecting 300 employees in the U.S., as the company continues its strategic turnaround efforts.

According to a CNBC report, Starbucks also said it plans to close some regional support offices as part of this move. The layoffs affect corporate employees, not the coffeehouse workforce. The company also stated that it has started a review of its international corporate workforce.

Starbucks shares were up nearly 2% in Friday’s pre-market trade.

SBUX To Incur $400M In Restructuring Costs This Year

Starbucks stated in a filing with the U.S. Securities and Exchange Commission (SEC) that it expects to incur $400 million in restructuring costs in fiscal 2026.

The company added that roughly $280 million of the charges will be non-cash and tied to long-lived asset impairments.

The remaining $120 million will primarily consist of cash charges related to employee separation costs as part of further optimization of its global support organization.

“We are taking further action under the Back to Starbucks strategy, building on our strong business momentum and working to return the company to durable, profitable growth,” a Starbucks spokesperson said, according to CNBC.

Third Round Of Layoffs Under SBUX CEO Brian Niccol

Friday’s layoffs mark the third round of layoffs under Starbucks CEO Brian Niccol’s tenure, who took over as the company’s chief in September 2024.

In February 2025, Starbucks laid off 1,100 employees, nearly five months after Niccol took over as the company’s CEO. In September 2025, Starbucks announced another round of layoffs, this time affecting 900 non-retail employees, as part of the company’s $1 billion restructuring plan.

SBUX Turnaround In Progress

Starbucks announced its second-quarter (Q2) results last month, registering its second straight quarter of traffic growth at its outlets.

The company posted earnings per share (EPS) of $0.5 on revenue of $9.53 billion, compared with Wall Street expectations of $0.44 on $9.23 billion in revenue, according to Fiscal.ai data.

Starbucks also increased its fiscal year 2026 forecast for EPS to a range of $2.25 to $2.45 from its previous range of $2.15 to $2.40 per share. The company stated that it expects U.S. same-store sales to increase by at least 5% during the year, up from its previous guidance of a 3% rise.

“This quarter marked a milestone for Starbucks – and the turn in our turnaround,” Niccol said.

How Did Retail Traders React To SBUX?

Retail sentiment on Stocktwits around Starbucks trended in the ‘bearish’ territory at the time of writing.

SBUX stock is up 26% year-to-date and 23% over the past 12 months. The S&P 500 ETF (SPY) is up 26% over the past 12 months, while the Invesco QQQ Trust (QQQ) is up 37%.

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