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Starbucks announces more layoffs, plans to close 1% of North America stores

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Starbucks CEO Brian Niccol announced Thursday that the company would be closing about 1% of its North America stores (or approximately 185 cafes, accounting for net openings and closures) and laying off more corporate employees as Starbucks looks to further reduce “headcount and expenses.” This news follows an earlier round of layoffs in February, in which 1,100 roles were eliminated, and a return to office mandate in Ju ...