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Market Chatter: Starbucks Eliminates Over 100 Jobs in Restructuring Effort

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Starbucks (SBUX) has shed 104 jobs as part of a restructuring effort that includes roles in the team that oversees its store design and construction, Bloomberg reported Thursday, citing a filing with Washington state regulators.

The company is also separating about 120 workers who opted not to move to a new Nashville office from Seattle, the report said, citing the filing.

Starbucks didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $103.92, Change: $-1.07, Percent Change: -1.01%

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