Overview

• Starbucks expects about 18,300 U.S. and Canada locations at fiscal year end, a roughly 1% net reduction after openings and closures.
• Closures have begun, with Seattle’s Pike Place Reserve Roastery marked closed, as the company targets sites lacking a viable financial or physical upgrade path.
• About 900 non‑retail roles are being eliminated, with affected staff notified Friday and offered severance and support.
• The company estimates roughly $1 billion in restructuring costs for separation benefits, lease exits and asset impairments, while more than 1,000 cafés are slated for renovations.
• Starbucks Workers United says decisions came without barista input and plans to seek effects bargaining at unionized stores; the company indicates growth is planned to resume next fiscal year.