Starbucks plans to cut another 900 corporate jobs and close some of its stores in the U.S. and Canada, as the coffee chain approaches the one-year mark of its turnaround plan .

The company says the number of stores will decline by 1% and it will end the fiscal year with nearly 18,300 Starbucks locations in the U.S. and Canada. That suggests that roughly 200 stores might close. After that, the chain plans to invest in new store openings and renovate more than 1,000 locations.

New corporate layoffs are a second wave after Starbucks cut 1,100 jobs in February . CEO Brian Niccol has said the cost cuts were needed to redirect more money toward stores, where the company is adding more baristas, speeding up service and upgrading the ambiance.

Niccol arrived at Starbucks a year ago from C

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