Workflow
Starbucks to close 1% of North American stores, lay off 900 non-retail employees

Starbucks on Thursday announced it would close 1% of its North American stores in addition to sweeping layoffs. The closures amount to more than 120 shuttered locations where the company has found it is "unable to create the physical environment our customers and partners expect" or where it doesn't "see a path to financial performance," according to a statement published by the company.About 900 non-retail employees will be laid off on Friday, the company announced. "I believe these steps are necessary t ...