Starbucks Will Close Stores And Cut 900 Jobs In $1 Billion Restructuring
September 25, 2025
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2:11Now PlayingStarbucks Will Close Stores And Cut 900 Jobs In $1 Billion Restructuring
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as posted by the channelStarbucks announced a massive $1 billion restructuring effort, CEO Brian Niccol announced in a letter to employees on Thursday, which will include closing 1% of stores in North America by the end of the fiscal year, cutting about 900 non-retail jobs, and renovating more than 1,000 coffee shops over the next year.
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