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00:02Starbucks shares traded flat on Wednesday as investors assessed the company's expanded
00:07back-to-Starbucks turnaround plan, according to Benzinga. A Form 8K filed May 13th outlined the
00:14elimination of 300 U.S. corporate roles across marketing, human resources, and supply chain,
00:20along with regional office closures in Atlanta, Chicago, and Dallas. The company expects about
00:26$400 million in restructuring charges, including roughly $120 million for employee separation
00:33benefits. Starbucks is also pivoting toward a new Nashville operations hub, with state officials
00:38debating a $30 million incentive package. Shares traded flat on Wednesday as investors balanced
00:45near-term restructuring costs against potential long-term operational gains.
00:49For all things money, visit Benzinga.com.
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