Starbucks is closing approximately 250 North American stores as part of a cost-cutting strategy. This initiative aims to reduce expenses by $2 billion by fiscal year 2028. The company is also laying off over 200 corporate employees, including those in technology and design roles. These changes are intended to streamline operations and enhance customer experience. Starbucks plans to reinvest in over 1,000 locations with improved designs.
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https://z100.iheart.com/content/2026-09-24-starbucks-closing-hundreds-of-cafes-in-streamlining-effort/