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STARBUCKS PLANS TO SHUT DOWN HUNDREDS OF LOCATIONS AND CUT JOBS AS THE COMPANY CONTINUES TO FACE DIFFICULTIES 🔻
Starbucks is making big changes. The coffee giant just launched a $1 billion restructuring plan, shutting down underperforming stores in North America and cutting about 900 corporate jobs. The focus is clear-cut costs, simplify operations, and invest in stores that truly drive growth.
After six straight quarters of declining U.S. sales, rising expenses, and shifting customer habits, Starbucks plans to shrink its footprint slightly to around 18,300 stores. Impacted employees will get severance, extended benefits, and in some cases, transfer options.
But it's not all cuts-the company is also redesigning 1,000+ stores, adding more staff during busy hours, and creating warmer spaces to bring customers back. Plus, it's betting on Al to handle inventory, support baristas, and make ordering smoother.
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🔸 Follow for tech, biz, and market insights
#Starbucks #StoreClosures #JobCuts #BusinessRestructuring #RetailTrends
Starbucks is making big changes. The coffee giant just launched a $1 billion restructuring plan, shutting down underperforming stores in North America and cutting about 900 corporate jobs. The focus is clear-cut costs, simplify operations, and invest in stores that truly drive growth.
After six straight quarters of declining U.S. sales, rising expenses, and shifting customer habits, Starbucks plans to shrink its footprint slightly to around 18,300 stores. Impacted employees will get severance, extended benefits, and in some cases, transfer options.
But it's not all cuts-the company is also redesigning 1,000+ stores, adding more staff during busy hours, and creating warmer spaces to bring customers back. Plus, it's betting on Al to handle inventory, support baristas, and make ordering smoother.
-
🔸 Follow for tech, biz, and market insights
#Starbucks #StoreClosures #JobCuts #BusinessRestructuring #RetailTrends
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