Starbucks (SBUX) is cutting 1,100 corporate positions, or about 7% of the global employee base working outside of company-owned stores, the company said Monday.
Workers who are losing their jobs will be notified Tuesday, Starbucks said.
Starbucks did not immediately reply to a request for comment from MT Newswires.
SBUX shares were 0.2% lower in recent premarket activity.
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