Starbucks Going Through a Major Restructuring Including Both Layoffs and Store Closures

 Starbucks is currently undergoing a major restructuring that includes both layoffs and store closures:

🔁 What's Happening

• Layoffs: Starbucks is cutting approximately 900 corporate roles as part of a $1 billion restructuring plan.

• Store Closures: The company is closing around 400 stores across North America, which represents about 1% of its total locations.

📉 Why It's Happening

• Starbucks has faced six consecutive quarters of same-store sales declines, prompting CEO Brian Niccol to launch a turnaround strategy called “Back to Starbucks”.

• The plan includes redesigning store interiors, reworking menus, and making the ordering experience more personal.

• Stores being shut down are those that don’t meet customer expectations or aren’t financially viable.

📍 Where Closures Are Happening

• Starbucks hasn’t released an official list, but employees have begun crowdsourcing closure data via Reddit and shared spreadsheets.

• So far, over 520 locations have been flagged as closed or closing, including 59 unionized stores.

• Some cities, like Baltimore, have already seen multiple closures, sparking local protests and picketing.

references: www.eatthis.com, www.cbnc.com, www.forbes.com, www.usa.today.com