Starbucks to close some US and UK stores
Summary
Starbucks plans to close some of its underperforming stores in the U.S. and UK, which will result in cutting about 900 jobs. The company aims to save costs and improve sales while still planning to open new locations in both regions. The job cuts will mostly affect support teams, not the baristas who serve customers in the stores.Key Facts
- Starbucks will close some stores in the U.S. and UK as part of a cost-saving move.
- About 900 jobs will be cut, affecting mostly support teams.
- This action is part of efforts to improve sales and reduce wait times.
- In February, Starbucks announced a previous job cut of 1,100 positions and changes to its U.S. menu.
- The company still plans to open 80 new stores in the UK and 150 across Europe, the Middle East, and Africa this year.
- Some stores in Switzerland and Austria will also close.
- The job cuts will not affect baristas working in the stores.
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