07:42:59 EDT Tue 19 May 2026
Enter Symbol
or Name
USA
CA



Starbucks CDR (CAD Hedged)
Symbol SBUX
Shares Issued 900,000
Close 2026-05-15 C$ 29.41
Market Cap C$ 26,469,000
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Globe/NYT say Starbucks to cut 300 jobs in U.S.

2026-05-19 05:46 ET - In the News

The Globe and Mail reports in its Saturday edition that Starbucks will eliminate 300 corporate jobs in the United States and close four regional offices as part of its turnaround effort, the company said Friday. A New York Times dispatch to The Globe says Starbucks would take about $400-million (U.S.) in charges for expenses related to the office closures and severance pay to employees. None of the layoffs or closures affect its stores. In a statement, Starbucks said the actions were part of the Seattle-based company's turnaround strategy and an effort to "return the company to durable, profitable growth." Last year, Starbucks eliminated nearly 2,000 corporate jobs and closed hundreds of underperforming stores. The coffee chain said it would review its international corporate organization and that additional cuts at those offices were likely, but it did not specify the timing or how many employees could be affected. Regional offices will close in Atlanta, Chicago, Dallas and Burbank, California. The layoffs and office closures are part of an effort by chief executive officer Brian Niccol to put Starbucks on better financial footing. Customer complaints include long waits for coffees and a lack of seating in stores.

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