[orsenthil]

Real Deal here is.

Store Closures:

North America coffeehouse count will decline by about 1% in fiscal year 2025 Will end with nearly 18,300 total Starbucks locations (company operated and licensed) across US and Canada

Staff Reductions:

Approximately 900 non-retail partner roles eliminated Additional open non-retail positions closed Store employees (partners) at closing locations will be offered transfers where possible, or severance packages if transfers aren't available

Who's affected:

Non-retail partners (corporate/support roles) - notified Friday morning Retail partners at closing coffeehouses - notified during the week of the announcement