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Starbucks cuts 224 Seattle jobs as $2bn cost overhaul nears completion
Starbucks is eliminating 224 Seattle-linked corporate positions, including around 120 employees who declined relocation to Nashville and 104 roles tied largely to coffeehouse design, as Brian Niccol’s $2 billion cost programme continues despite accelerating U.S. comparable-store sales and stronger margins.
Starbucks lifts FY26 guidance after Q2 beat, SBUX gains 5% as US transactions return for second straight quarter
Starbucks called the turn in its turnaround. North America margin still slipped 170bps. The harder question is whether ticket can hold without discounts.