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flag Starbucks is closing 434 North American stores and cutting 900 corporate jobs to boost performance.

flag Starbucks is closing approximately 434 North American stores and eliminating 900 corporate jobs as part of a major restructuring under CEO Kevin Johnson, not Brian Niccol. flag The moves, aimed at improving financial performance, target underperforming locations and reduce costs, with a $1 billion restructuring expense. flag Affected employees will receive severance pay, extended benefits, and transfer options, where possible. flag The company plans to increase staffing and hours in remaining stores, introduce new designs, and invest in innovation to support long-term growth while managing expenses.

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