Overview

• The company will shrink its North America footprint by about 1%, finishing fiscal 2025 near 18,300 stores, with closures starting this week.
• Roughly 900 non‑retail corporate roles are being eliminated in a second round of cuts following about 1,100 earlier this year.
• More than 1,000 locations are slated for remodels as Starbucks shifts focus back to in‑store experiences and converts or closes some pickup‑only sites.
• Starbucks estimates about $1 billion in restructuring charges concentrated in North America, covering lease exits, severance and asset write‑downs.
• Affected employees are being offered transfers or severance; labor organizers allege some closures target unionized stores, which the company denies.