Starbucks: 224 jobs cut
Starbucks has announced the layoff of at least 224 corporate positions as part of a $2 billion cost-saving initiative. This move is aimed at streamlining operations and reducing expenses, with a focus on centralizing technology roles in Nashville. The layoffs represent 11.2% of the positions planned for the new Nashville office.
Conservative
0
Core Estimate
34
Upper Bound
78
Sources
Starbucks Cuts Jobs as Part of $2 Billion Cost-Saving Plan
Starbucks Cuts Jobs as Part of $2 Billion Cost-Saving Plan Dark Light Today: 22 August 2026 Investor Dashboard NASDAQ:SBUX· Stock Market # Starbucks Cuts Jobs as Part of $2 Billion Cost-Saving Plan by Leokadia Głogulska 21 August 2026 SEATTLE, August 20, 2026, 15:05 PDT — Starbucks has initiated layoffs in a move tied to its ongoing $2 billion turnaround effort, as the coffee chain works to streamline operations and reduce expenses. - Starbucks will cut at least 224 corporate positions