Starbucks announces significant store closures and layoffs:
Starbucks is taking “significant action” to turn around its struggling business ...
edition.cnn.com/2025/09/25/food/starbucks-closures-layoffs
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Starbucks Embarks on Major Corporate OverhaulBy month’s end, Starbucks will shut 400 stores and lay off 900 corporate workers amid a $1 billion restructuring plan.
- Starbucks plans to close about 1% of its locations this September, totaling roughly 400 stores, to enhance financial performance.
- The company will remodel over 1,000 cafés with cozier seating and additional power outlets to improve customer experience.
- Alongside store closures, 900 more corporate employees will be laid off, following about 1,000 layoffs earlier this year.
- CEO Brian Niccol states these steps aim to build a stronger, more resilient Starbucks for long-term success.
I know these decisions impact our partners and their families, and we did not make them lightly.— Brian Niccol, CEO of Starbucks, in a letter to employees.
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