Starbucks to lay off 900 employees, close stores in US, Canada
Share this @internewscast.com

Starbucks is set to cut around 900 positions among non-retail employees and shutter some of its stores in the U.S. and Canada as it shifts focus toward revitalizing the company.

The Seattle-based coffee chain will inform affected employees of the job cuts early Friday and intends to close an unspecified number of locations across North America in the imminent future.

A review of various Starbucks outlets indicated that numerous sites are underperforming financially or failing to deliver the customer experience expected, as highlighted in a Thursday letter by Starbucks CEO Brian Niccol.

“Each year, we open and close stores for several reasons ranging from financial outcomes to lease ends,” Niccol stated. “This current measure is more substantial, and we recognize how it will affect our partners and patrons. Our stores are community hubs, and shutting any of them is a challenging decision.”

Starbucks said Thursday that it expects to end its fiscal year with 18,300 stores in North America, down 124 from last year.

It’s rare for Starbucks to shrink its store count during a fiscal year.

Niccol, known for his expertise in turnaround situations, joined Starbucks about a year ago with the aim of revitalizing the brand. During his tenure as CEO at the struggling Chipotle chain, he notably doubled the company’s revenue and saw impressive gains in profit and stock value.

Starbucks said it will offer severance and support packages for affected employees.

Share this @internewscast.com
You May Also Like

Alleged Gunman at Correspondents’ Dinner Aimed at High-Profile Officials, Reveals Blanche

WASHINGTON – The accused gunman, who attempted to breach the ballroom during…

Workhouse Escapee Captured After High-Speed Pursuit and PIT Maneuver on Cherokee Road, WCSO Reports

Diplomatic Discussions in Pakistan Stalled as Iran’s Foreign Minister Departs Islamabad and Trump’s Envoys Fail to Appear

ISLAMABAD – Efforts to broker a ceasefire between the United States and…

Amidst Ongoing Conflict, Ukrainian City Unites for Midnight Chernobyl Vigil

In the early hours of Sunday, the heart of Slavutych came alive…

Experience a Mid-Autumn Heat Wave: Summer-Like Weather Set to Return This Week

ORLANDO, Fla. – As we move through the weekend, residents can expect…

When a Major Story Unfolded Right in the Heart of Washington, Captivating Hundreds of Journalists

Reporters in Washington, D.C., are no strangers to pursuing stories, but on…

Breaking News: Suspect Arrested Following Gunfire Incident at Statesboro Apartment Complex

STATESBORO, Ga. — A local man from Statesboro has been arrested following…

Tragic Knife Assault in Harlan County: Woman Fatally Stabbed, Kentucky State Police Investigating

A tragic incident unfolded in Harlan County, Kentucky, where a woman succumbed…