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flag Starbucks closes 434 stores and cuts 900 corporate jobs in $1B restructuring.

flag Starbucks is closing about 434 North American stores—roughly 1% of its locations—and cutting around 900 corporate jobs as part of a $1 billion restructuring under CEO Brian Niccol. flag The moves, aimed at improving financial performance and customer experience, target underperforming locations and streamline operations. flag Affected employees will receive severance and support, with some offered transfers. flag The company plans to renovate over 1,000 stores with updated designs and grow its footprint again in 2026. flag The changes follow challenges, including declining sales and recent controversies, but Niccol says they are necessary for long-term resilience.

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