Topline
Starbucks announced a massive $1 billion restructuring effort, CEO Brian Niccol announced in a letter to employees on Thursday, which will include closing 1% of stores in North America by the end of the fiscal year, cutting about 900 non-retail jobs, and renovating more than 1,000 coffee shops over the next year.
The company will also renovate more than 1,000 stores over the next year, CEO Brian Niccol said.
Gado via Getty Images
Key Facts
This is a breaking story and will be updated.
Source: https://www.forbes.com/sites/zacharyfolk/2025/09/25/starbucks-will-close-stores-and-cut-900-jobs-in-1-billion-restructuring/
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
