Starbucks brews big changes: Hundreds of stores to close

Starbucks is taking major action to restructure its business plan, choosing to close hundreds of cafés and introducing a second round of layoffs at its headquarters.

CEO Brian Niccol highlighted the upcoming changes in a letter to employees on Thursday, writing, "While we’re making good progress, there is much more to do to build a better, stronger, and more resilient Starbucks."

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