Brian Niccol leads Starbucks amid a third wave of cuts, as the company closes four regional offices and records a $400 million charge. He previously helmed the coffee giant, steering strategy and operations during a period of rapid transformation.
Starbucks has announced further corporate layoffs and office consolidations as part of its ongoing turnaround, with about 300 US support roles being eliminated and international support reviewed. The company expects roughly $400 million in restructuring charges, including $120 million in severance, and notes that store operations are unaffected.