Starbucks announces the layoff of 300 employees in the US and the closure of several regional offices

Gelonghui, May 17th｜According to CCTV Finance, on May 15th local time, Starbucks announced it will lay off 300 employees in the United States to reduce costs and strive to return to a growth trajectory. Starbucks also stated that it will close several regional offices, and these measures will result in $400 million in restructuring costs, including severance pay and asset impairment.