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Starbucks To Close Over 100 Stores And Lay Off 900 Workers In Restructure Plan By Bobby Lewis Sept. 25, 2025 12:03 pm EST
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The world's largest coffee chain is about to get a tiny bit smaller. Starbucks recently announced plans to close several stores and lay off approximately 900 workers. The company did not specify how many stores will close, but given that it expects to have 124 fewer locations by the end of its fiscal year, many people will suddenly find themselves out of a job.
124 stores out of 18,000 North American locations may not seem like a large percentage, but it's exceptionally rare for Starbucks to end a fiscal year with a net loss of stores. And store closures aren't free, either: The company expects to spend about $150 million o