08:42 AM EST, 02/24/2025 (MT Newswires) -- 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 ( SBUX ) said.

Starbucks ( SBUX ) did not immediately reply to a request for comment from MT Newswires.

SBUX shares were 0.2% lower in recent premarket activity.