Starbucks to lay off 350 workers after record-breaking quarter

Starbucks will lay off 350 corporate employees amid a broader effort to revamp its global operations even as the coffeehouse chain’s former top executive gears up for a 2020 presidential bid.

Chief Executive Officer Kevin Johnson announced the 5 percent reduction of Starbucks’ global workforce in a staff email on Tuesday, writing that the layoffs are “a result of work that has been eliminated, de-prioritized or shifting ways of working within the company.”