Starbucks is closing more stores and laying off 900 workers

A Starbucks coffee shop in New York on Monday, July 28, 2025. Starbucks Corp. is closing stores and laying off 900 corporate employees as part of a turnaround strategy.

The coffee giant plans to cut 900 corporate jobs and shut down about 1% of its stores as the chain's turnaround plan approaches a one-year mark.

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