Summary
Starbucks is closing hundreds of stores in the United States as part of a restructuring plan that also includes cutting 900 corporate jobs. This year, they plan to finish with 18,300 locations across the U.S. and Canada. Some workers are upset about the closures, especially those in unions.
Key Facts
- Starbucks is closing hundreds of poorly performing stores in the U.S.
- The company plans to reduce its North American store count by about 1%.
- Starbucks will also cut 900 corporate jobs.
- This restructuring will leave Starbucks with 18,300 locations in the U.S. and Canada by the end of the year.
- Worker unions have responded negatively to the closures.
- Some stores have already closed, prompting picket lines from unionized workers.
- Specific locations in several states, including California, Illinois, and Massachusetts, are affected.
- News outlets like Business Insider and ABC News confirmed some of the closures.
