Starbucks to Close Stores and Cut Jobs in $1 Billion Restructuring
TL;DR Summary
Starbucks is closing around 1% of its stores and laying off 900 corporate employees as part of a $1 billion restructuring effort led by CEO Brian Niccol, aiming to revitalize the struggling coffee chain through store remodels and operational changes.
- Starbucks announces significant store closures and layoffs CNN
- Starbucks to close stores, lay off workers in $1 billion restructuring plan CNBC
- Starbucks closing some locations, cutting 900 jobs as turnaround continues USA Today
- Starbucks to close stores, cut jobs as part of turnaround strategy Fox Business
- Starbucks to close some stores as part of restructuring plan Yahoo Finance
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