SBUX · News · 20260824N
Restructuring and Headcount
STARBUCKS CORP · 2026-08-24 · Importance 40 · Surprise 42 · In source text
Starbucks plans to lay off more than 200 employees at its Seattle headquarters in fall 2026. Approximately 120 employees declined relocation to Nashville, while another 104 positions are being eliminated through organizational changes announced in May. The cuts affect corporate functions across multiple seniority levels and exclude in-store workers. The restructuring is part of a reported $2 billion cost-reduction effort and includes shifting some positions to Nashville.
Key facts
- Starbucks plans to lay off over 200 employees at its Seattle headquarters this fall as part of a corporate restructuring. source
- Approximately 104 employees are being laid off due to organizational changes announced in May. source
- Approximately 120 employees declined relocation to Nashville. source
- Gerri Martin-Flickinger, previously CTO of Starbucks, will join the board of directors of Victoria's Secret & Co. source
- Danica Pension Livsforsikringsaktieselskab acquired 132,632 shares of Starbucks Corporation valued at approximately $13.6 million during the second quarter. source
- Advisors Capital Management LLC purchased 268,686 shares of Starbucks Corporation valued at approximately $27,457,000. source
- Great Lakes Advisors LLC acquired 35,723 shares of Starbucks Corporation, initiating a $3.65 million position. source
- Flossbach Von Storch SE acquired a new stake in Starbucks Corporation worth $17.17 million during the second quarter. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | — | Starbucks plans to lay off over 200 employees at its Seattle headquarters this fall as part of a corporate restructuring. |
| operating_income | positive | probable | — | Starbucks plans to lay off over 200 employees at its Seattle headquarters this fall as part of a corporate restructuring. |