US EditionStarbucks to close stores, cut 900 jobs in $1B restructuring
Starbucks will close over 120 underperforming North American stores and cut 900 corporate jobs as part of a $1 billion restructuring to improve financial performance, CEO said.
- Starbucks will close several locations and lay off approximately 900 employees as part of a $1 billion restructuring plan, announced by CEO Brian Niccol.
- The closures will target underperforming stores where customer expectations and financial performance are not met, according to Starbucks' statement.
- Starbucks aims to end the fiscal year with nearly 18,300 locations in North America after closing around 150 to 200 stores.
- Starbucks will provide severance packages and transfer options to affected employees as part of this restructuring effort.
312 Articles
312 Articles
Starbucks Layoffs Store Closures in $1B Restructuring Plan - American Faith
Starbucks announced Thursday that it will lay off 900 corporate employees and close hundreds of stores across North America as part of a sweeping $1 billion restructuring plan. The decision, unveiled by CEO Brian Niccol in a letter to employees, marks the second round of layoffs since he took over the company in August 2024. Earlier this year, Starbucks cut 1,100 headquarters jobs as part of its effort to restructure operations and refocus resou…
Starbucks Announces Significant National Store Closures and Layoffs
By Steve Gill, editor and publisher at TriStarDaily.com Starbucks is taking “significant action” to turn around its struggling business, closing a large number of stores and announcing another round of layoffs at its headquarters as part of CEO Brian Niccol’s efforts to revive the fortunes of the struggling brand. Like the recent store remodel changes […] The post Starbucks Announces Significant National Store Closures and Layoffs appeared firs…
The US chain of Starbucks coffee shops announced Thursday the closure of stores and the dismissal of some 900 people, as well as the extinction of vacancies still unfilled, as part of a $1 billion restructuring plan.According to a letter from CEO Brian Niccol, the company plans to close 1% of its current establishments in the United States and Canada, leaving the balance at the end of fiscal year 2025 at the 18,300 sales stalls. “We have identif…
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