Starbucks to lay off 300 U.S. employees, CNBC reports

Starbucks (SBUX) is undertaking another round of corporate restructuring, including about 300 U.S. job cuts and a review of its international corporate workforce, alongside plans to close certain regional support offices as part of its broader turnaround effort, with store-level employees unaffected, CNBC’s Amelia Lucas reports. “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 CNBC. “Leaders have taken a hard look at their respective functions to further sharpen focus, prioritize work, reduce complexity, and lower costs.”