Starbucks to cut 900 jobs and close dozens of North American stores as sales struggle
NegativeFinancial Markets

Starbucks is set to lay off around 900 employees and close approximately 100 stores across North America as part of a $1 billion restructuring plan. This decision comes after six consecutive quarters of declining sales and increasing pressure from unions regarding working conditions. The move highlights the challenges the coffee giant faces in a competitive market and raises concerns about the future of its workforce and customer experience.
— via World Pulse Now AI Editorial System

