DEVELOPING: Starbucks Slashes 900 Jobs, Closes More Stores Amidst Widespread Layoffs

Breaking News: Starbucks Slashes 900 Jobs, Closes More Stores Amidst Widespread Layoffs Starbucks Corp. is cutting 900 corporate jobs and closing some stores in the US and Canada as part of its turnaround strategy. The layoffs are a second wave after the company cut 1,100 jobs in February. The job cuts will affect employees working at Starbucks' headquarters, with no immediate impact on store-level staff. However, the closures of approximately 200 stores will result in significant losses for local communities and economies. Starbucks CEO Brian Niccol has stated that these cost-cutting measures are necessary to redirect funds towards upgrading its stores, adding more baristas, speeding up service, and enhancing ambiance. The company plans to invest in new store openings and renovate over 1,000 locations. This move is part of Starbucks' one-year turnaround plan, which aims to revitalize the brand and improve customer experience. This is a developing story, with further details expected as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Npr.*