Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
The author of ‘Sapiens’ says ‘now is the time’ to resist giving AI rights

The author of ‘Sapiens’ says ‘now is the time’ to resist giving AI rights

August 22, 2026
Walmart is giving shoppers something they’ve wanted for years: Apple Pay

Walmart is giving shoppers something they’ve wanted for years: Apple Pay

August 21, 2026
WPP seeks to seal ‘highly confidential and sensitive’ client information from lawsuit with former exec

WPP seeks to seal ‘highly confidential and sensitive’ client information from lawsuit with former exec

August 21, 2026
Oura exploring how its ring could detect brain hemorrhages after Bill Ackman suggests it could have helped his daughter

Oura exploring how its ring could detect brain hemorrhages after Bill Ackman suggests it could have helped his daughter

August 21, 2026
I moved to Japan with one suitcase and a carry-on. There are 3 things I’m glad I packed — and a few I wish I’d brought.

I moved to Japan with one suitcase and a carry-on. There are 3 things I’m glad I packed — and a few I wish I’d brought.

August 21, 2026
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
August 22, 2026 2:46 am EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles
Fin Street NewsFin Street News
Home » Starbucks lays off 200 corporate workers as part of Brian Niccol’s turnaround plan
Starbucks lays off 200 corporate workers as part of Brian Niccol’s turnaround plan
Markets

Starbucks lays off 200 corporate workers as part of Brian Niccol’s turnaround plan

News RoomBy News RoomAugust 20, 20263 ViewsNo Comments

Starbucks is laying off over 200 corporate workers as it moves forward with the turnaround strategy that it began two years ago under CEO Brian Niccol.

The coffee giant on Thursday published a layoff notice under the WARN Act, clarifying plans to cut over 200 corporate roles after it previously disclosed plans to reduce the corporate workforce by about 300 jobs.

The WARN filing indicated that about 120 of the employee separations are associated with workers from its support team focused on designing and developing coffeehouses who declined the opportunity to relocate from Seattle, Washington, to Nashville, Tennessee.

Additionally, about 104 cuts are organizational changes resulting from restructuring plans detailed in May.

STARBUCKS’ TURNAROUND PLAN SHOWS PROMISE IN US AS SALES GROWTH RETURNS FOR FIRST TIME IN 2 YEARS

The expected date of the first separations will be Oct. 19, 2026, with all completed by Nov. 1, 2026.

Starbucks indicated the organizational changes aren’t altering the company’s coffeehouse strategy, and it is moving forward with its “third place experience” of uplifting coffeehouses and expanding and developing its portfolio.

The filing represents the last component of Starbucks’ remaining organizational changes from the restructuring announced in May so that it can focus on improving the experience at its coffeehouses and those of its employee partners and customers, according to the company.

STARBUCKS TO CLOSE STORES, CUT JOBS AS PART OF TURNAROUND STRATEGY

Ticker Security Last Change Change %
SBUX STARBUCKS CORP. 103.99 -0.99 -0.94%

The company is building a new regional corporate office in Nashville that comes with a price tag of $100 million and will house about 2,000 employees, though it is keeping its headquarters in Seattle.

After Niccol took the helm at Starbucks in September 2024, becoming the company’s third CEO in a two-year period, he put the company on a turnaround plan to spur more business in coffeehouses.

STARBUCKS CEO SAYS COFFEE CHAIN IS ‘AHEAD OF SCHEDULE’ IN MAJOR TURNAROUND EFFORT AFTER ONE YEAR

Brian Niccol

The plan has featured efforts to redesign interiors to encourage customers to linger, along with “personal touches,” like writing names on cups and serving drinks in mugs.

It’s also working to ensure proper staffing at stores, streamlining mobile orders, letting customers handle their own condiments and committing to having all drinks ready in four minutes or less.

Last year, Starbucks moved to close some underperforming stores and cut 900 non-retail partner roles, while also freezing many open positions as it restructured.

Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

The author of ‘Sapiens’ says ‘now is the time’ to resist giving AI rights

The author of ‘Sapiens’ says ‘now is the time’ to resist giving AI rights

Walmart is giving shoppers something they’ve wanted for years: Apple Pay

Walmart is giving shoppers something they’ve wanted for years: Apple Pay

WPP seeks to seal ‘highly confidential and sensitive’ client information from lawsuit with former exec

WPP seeks to seal ‘highly confidential and sensitive’ client information from lawsuit with former exec

I moved to Japan with one suitcase and a carry-on. There are 3 things I’m glad I packed — and a few I wish I’d brought.

I moved to Japan with one suitcase and a carry-on. There are 3 things I’m glad I packed — and a few I wish I’d brought.

Disney will drop medical insurance for some employees’ spouses

Disney will drop medical insurance for some employees’ spouses

How Uber Uses AI to Charge You More

How Uber Uses AI to Charge You More

Devoted Health is raising a new round of funding at a  billion valuation

Devoted Health is raising a new round of funding at a $25 billion valuation

Meet the 51 women competing to be Miss USA 2026

Meet the 51 women competing to be Miss USA 2026

8 things you should never talk about at work, according to etiquette experts

8 things you should never talk about at work, according to etiquette experts

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Walmart is giving shoppers something they’ve wanted for years: Apple Pay

Walmart is giving shoppers something they’ve wanted for years: Apple Pay

August 21, 2026
WPP seeks to seal ‘highly confidential and sensitive’ client information from lawsuit with former exec

WPP seeks to seal ‘highly confidential and sensitive’ client information from lawsuit with former exec

August 21, 2026
Oura exploring how its ring could detect brain hemorrhages after Bill Ackman suggests it could have helped his daughter

Oura exploring how its ring could detect brain hemorrhages after Bill Ackman suggests it could have helped his daughter

August 21, 2026
I moved to Japan with one suitcase and a carry-on. There are 3 things I’m glad I packed — and a few I wish I’d brought.

I moved to Japan with one suitcase and a carry-on. There are 3 things I’m glad I packed — and a few I wish I’d brought.

August 21, 2026
Trump to Pause Tariffs on Ground Beef Imports in Bid to Lower Prices

Trump to Pause Tariffs on Ground Beef Imports in Bid to Lower Prices

August 21, 2026

Latest News

ChatGPT has entered the group chat. Texters have…feelings about it.

ChatGPT has entered the group chat. Texters have…feelings about it.

August 21, 2026
Disney will drop medical insurance for some employees’ spouses

Disney will drop medical insurance for some employees’ spouses

August 21, 2026
Kroger Pharmacy Customers May Qualify for Payment in M Settlement

Kroger Pharmacy Customers May Qualify for Payment in $17M Settlement

August 21, 2026

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.