Starbucks to close stores, cut jobs as part of turnaround strategy

CEO Brian Niccol announces plans to close underperforming U.S. stores, cut 900 non-retail jobs and freeze hiring as part of ongoing turnaround efforts.

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Starbucks Is Closing Shops and Cutting Costs as Its Turnaround Effort Continues

The Seattle-based chain will end its fiscal year with 1% fewer cafes in the U.S. and Canada, and lay off 900 non-retail ...
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Starbucks Closing 100+ Stores, Cutting 900 Jobs: 'These Steps Are Necessary'

Starbucks is slashing about 900 jobs and closing some of its stores as the coffeehouse chain battles a significant sales slump. CEO Brian Niccol told employees about the cuts in a message on Thursday, ...