(The Center Square) – Starbucks CEO Brian Niccol announced on Thursday that the Seattle-based coffee giant is laying off 900 corporate employees and closing hundreds of stores across North America as part of its $1 billion restructuring plan.
This is the second time Starbucks has laid off corporate employees since Niccol was hired as the Starbucks CEO in August 2024. Earlier this year, the company laid off 1,100 workers at its headquarters.
In a letter to employees on Thursday morning, Niccol said the decision was “grounded in putting our resources closest to the customer so we can create great coffeehouses, offer world-class customer service, and grow the business.”…