Starbucks Announces Major Restructuring with Store Closures and Layoffs
Starbucks has revealed a significant restructuring plan aimed at turnaround efforts, which involves closing hundreds of underperforming locations and laying off 900 workers. The company is set to take a $1 billion hit as part of this overhaul, which includes the closure of its iconic Capitol Hill Roastery in Seattle, as part of its strategy to enhance profitability and streamline operations in the U.S. and Canada. This move has raised concerns among employees and customers alike, as the coffee chain seeks to adapt to the shifting market landscape.
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