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Starbucks to slash 900 jobs and close stores in high-stakes turnaround gamble

Starbucks announced the layoff of 900 employees and the closure of 1% of its North American stores as CEO Brian Niccol ...

Starbucks continues to cut corporate jobs in turnaround bid: ‘Many are cost centers, not revenue producers,’ says expert

As Starbucks tries to evoke nostalgia for its brand, the company is undergoing a major restructuring, including corporate layoffs and costly changes as part of its turnaround plan. This move ...
The New York Times

Starbucks Sees Improvement Even as Global Same-Store Sales Slip Again

The C.E.O., Brian Niccol, said the coffee chain’s turnaround was in progress, and sales in China increased for first time in more than a year. By Julie Creswell Turning around Starbucks will take more ...
USA Today

Starbucks execs say 'tangible progress' made in turnaround effort; sales slump slightly

Starbucks executives praised the company's turnaround plan in its third quarter earnings release as sales hovered around expectations. The July 29 earnings release showed that comparable store sales ...