Starbucks layoff: Coffee giant to close US and Canada stores, cut 900 jobs in turnaround push
Starbucks layoff: Coffee giant to close US and Canada stores, cut 900 jobs in turnaround push
Starbucks is implementing a turnaround strategy that includes laying off approximately 900 non-retail employees and closing underperforming stores in the US and Canada. The company's North American locations were reviewed, revealing financial underperformance and failure to meet customer expectations. Despite offering severance packages, this move will result in a net decrease of 124 stores in North America this fiscal year.
Starbucks is implementing a turnaround strategy that includes laying off approximately 900 non-retail employees and closing underperforming stores in the US and Canada. The company's North American locations were reviewed, revealing financial underperformance and failure to meet customer expectations. Despite offering severance packages, this move will result in a net decrease of 124 stores in North America this fiscal year.
Starbucks is implementing a turnaround strategy that includes laying off approximately 900 non-retail employees and closing underperforming stores in the US and Canada. The company's North American locations were reviewed, revealing financial underperformance and failure to meet customer expectations. Despite offering severance packages, this move will result in a net decrease of 124 stores in North America this fiscal year. 
