Starbucks to Close 1% of North American Outlets, Cut 900 Jobs

On Thursday, Starbucks revealed plans to shutter 1% of its coffee shops across North America and initiate a significant wave of layoffs.

This decision results in the closure of over 120 locations where, according to the company, they are unable to deliver the expected environment for customers and employees or achieve necessary financial outcomes.

The company also declared that approximately 900 employees in non-retail roles would be dismissed by the end of the week.

CEO Brian Niccol expressed that these measures are essential to fortify Starbucks' global impact, enhance resilience, and open up more opportunities for staff, suppliers, and the communities they serve.