Starbucks to close hundreds of stores, lay off 900 workers
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The coffee chain said it would shutter some underperforming U.S. stores and eliminate 900 corporate jobs as part of a plan to build “a better, stronger and more resilient Starbucks.”
Starbucks said on Thursday it would close underperforming coffee shops, mainly in North America, and cut about 900 jobs as part of a restructuring plan under CEO Brian Niccol that would cost about $1 billion.