Starbucks is closing stores and laying off 900 people in $1 billion restructuring 

Starbucks will end the year with fewer stores and fewer employees. But the brand maintains that it’s all part of a greater turnaround still in the mix.

Today, the company announced that its North American store locations will be reduced by 1% for fiscal 2025—landing the coffee chain at 18,300 stores total.

And it will be eliminating 900 jobs outside of its coffee houses (in other words, corporate and other functions).

The company claims it will attempt to place affected baristas into new stores...