Starbucks is making significant cuts by slashing 900 jobs and closing hundreds of stores, including its iconic roastery in Seattle, as part of a $1 billion cost-cutting plan. This move comes after the company has faced six consecutive quarters of declining sales in the US, highlighting the challenges it is currently facing in a competitive market. The closure of the flagship unionized location raises concerns about the future of labor relations within the company and its ability to recover from these financial setbacks.

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.