Starbucks to close stores, slash 900 jobs in restructuring plan

Starbucks plans to cut 900 corporate jobs, close unprofitable stores, and freeze open positions as part of a $1 billion restructuring under CEO Brian Niccol.

The company aims to reinvest savings into store improvements, adding staff, renovating 1,000 locations, and introducing a new 32-seat, drive-through prototype in 2026.

U.S. same-store sales fell 2% in its latest quarter, and the company expects a 1% reduction in North American store count this year, Yahoo Finance has reported.

Niccol emphasized enhancing the in-store experience over pick-up-focused models.

read more: https://finance.yahoo.com/news/starbucks-set-to-close-stores-slash-900-jobs-in-restructuring-plan-162508893.html

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