Starbucks to Close Stores and Cut Jobs Amid Restructuring
TL;DR Summary
Starbucks is closing underperforming stores, including its iconic Seattle roastery, as part of a $1 billion restructuring effort led by CEO Brian Niccol to revive sales, which includes a 1% reduction in North American store count and job cuts in support teams, amidst ongoing union disputes and efforts to enhance customer experience.
- Starbucks closing stores, including iconic Seattle roastery, as CEO deepens restructuring Reuters
- Starbucks to Cut Jobs, Close Stores and Take $1 Billion Hit in Revamp Effort The New York Times
- Starbucks is closing more stores and laying off 900 workers NPR
- Starbucks permanently closes both Seattle Reserve locations KIRO 7 News Seattle
- Will your Starbucks location close this weekend? Here’s what we know The Hill
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