Starbucks cuts 300 U.S. corporate jobs in latest round of layoffs under CEO Niccol

Starbucks announced it will lay off 300 U.S. corporate employees and close some regional support offices as part of its ongoing turnaround strategy under CEO Brian Niccol. These cuts are the third round since Niccol took over, following previous reductions of 1,100 and 900 jobs. The company expects $400 million in restructuring charges related to severance and office space reassessment. Despite these cuts, Starbucks' U.S. same-store sales grew 7.1% in the latest quarter, indicating progress in its comeback plan focused on improving cafe operations and customer experience.