Starbucks to close stores, lay off 900 as part of overhaul
More cost-cutting is on the way to Starbucks. The coffeehouse chain plans to lay off 900 corporate workers and shut down an undisclosed number of stores across North America as part of its ongoing turnaround plan . The company announced the moves, which will cost about $1 billion for severance payments, lease exits and other store closure costs, in a message to employees Thursday. All corporate employees were asked to work from home for the remainder of the week, with layoff notifications set to occur on ...