India, May 16 -- Coffee giant Starbucks on Friday announced plans to cut 300 jobs in the United States and shut down several regional support offices as part of its ongoing business turnaround strategy.

According to media reports, the layoffs will not affect employees working at Starbucks coffeehouses.

The company said the combined severance expenses and reassessment of office space will result in restructuring charges of approximately $400 million, CNBC reported.

"Leaders have taken a hard look at their respective functions to further sharpen focus, prioritise work, reduce complexity, and lower costs," the spokesperson added.

This marks the third round of layoffs announced since Brian Niccol took over as chief executive officer.

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