Starbucks to close hundreds of stores, lay off 900 workers as part of turnaround plan
FILE - Shoppers at the Walden Galleria in Buffalo, NY, stop by the Starbucks kiosk on Saturday, Nov. 30, 2024. (AP Photo/Gene J. Puskar, File)
Starbucks said Thursday it's closing hundreds of stores in the U.S., Canada and Europe and laying off 900 nonretail employees as it focuses more of its resources on a turnaround.
The Seattle coffee giant said store closures would start immediately. Starbucks said affected baristas will be offered severance packages and transfers to other locations where possible.
Become a Subscriber!
You have read all of your free articles this month. Select a plan below to start your subscription today.
Already a subscriber? Login
