Starbucks Announces Store Closures and Severance Packages Amid Turnaround Efforts
TL;DR Summary
Starbucks announced the closure of over 100 stores across North America, resulting in layoffs for retail and non-retail staff. Laid-off employees received severance packages including pay for 60 to 84 hours, a lump sum for health insurance, and some accrued vacation pay, as part of the company's efforts to support affected staff amid its store turnaround plan.
- This is the severance package Starbucks offered to laid-off staff at the stores it's closing Business Insider
- LIST: Starbucks closes San Antonio stores as part of turnaround plan KSAT
- Which Starbucks locations are closing in Baltimore? CBS News
- At least 3 Starbucks to close in Atlanta after company cuts stores, employees Atlanta News First
- These 4 Alabama Starbucks are closing today and some customers aren’t happy AL.com
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