Starbucks Lays Off 900 Employees and Closes Stores in Strategic Turnaround

Starbucks Lays Off 900 Employees
Starbucks is laying off around 900 non-retail employees and is set to close several stores across the U.S. and Canada as part of its turnaround strategy. The company plans to redirect its resources to improve financial performance and enhance customer experience.
Store Closures and Financial Review
The review conducted by CEO Brian Niccol highlights that numerous locations are not meeting financial targets or customer expectations. Employees whose positions are being eliminated were notified on Friday. Starbucks anticipates reducing its total store count in North America to 18,300 stores.
Support for Affected Employees
Starbucks is committed to offering severance and support packages for those impacted, as Niccol stated, “Closing any location is difficult.”
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.