Starbucks Announces Major Job Cuts and Store Closures Amid Sales Decline

Starbucks is set to lay off around 900 employees and close approximately 100 stores in North America as part of a $1 billion restructuring plan. This decision follows six consecutive quarters of declining sales and reflects the company's efforts to stabilize operations amid increasing competition. The changes raise concerns about the future of its workforce and customer experience, highlighting the challenges the coffee giant faces in the market.