Starbucks has announced major changes to its business, including Starbucks store closures and layoffs, as part of a wider Starbucks restructuring plan. CEO Brian Niccol said the company will close hundreds of cafés this month, equal to about 1% of its North American locations. That means Starbucks will end September with around 18,300 stores, down from 18,734 in June.
The closures will focus on underperforming stores that could not meet customer expectations or financial goals. Starbucks said these decisions are not easy since its cafés are community spaces, but called them necessary for the future of the company.
Along with closures, the company also announced Starbucks layoffs 2025. About 900 corporate employees will lose their jobs, in addition to the 1,000 layoffs earlier this yea