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Coffee giant Starbucks is slashing about 300 U.S. support roles and closing some regional support offices.
“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 in a statement to FOX Business.
Leaders have taken a hard look at their respective functions to further sharpen focus, prioritize work, reduce complexity, and lower costs. As a result, we’re eliminating approximately 300 U.S. support roles,” the spokesperson said.
The company is also closing some regional support offices.
“We are streamlining our real estate footprint including consolidating U.S. regional support office space and taking several other steps with leases and lease commitments,” the spokesperson noted.
This is a breaking news story. Please check back for updates.
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