Overview
- Closures of underperforming company-operated cafés in North America begin immediately, resulting in a net 1% reduction to about 18,300 locations by fiscal year end.
- Approximately 900 non-retail roles will be eliminated, with affected corporate employees to be notified Friday as the company also closes many open positions.
- Starbucks projects roughly $1 billion in restructuring costs, including about $150 million for separation benefits and $850 million tied to store closings and lease exits.
- Impacted store employees will be offered transfers where feasible or severance, as the company prioritizes more partner hours and plans renovations at more than 1,000 locations.
- Starbucks Workers United plans effects bargaining for union stores and local reports note closures already posted, including Seattle’s Pike Place Reserve Roastery.