Affected employees will be notified this week and offered transfer opportunities or severance packages.
Breakdown
- Starbucks is closing hundreds of stores and initiating a second round of layoffs.
- The company aims to shut down about one percent of its locations. 7s
- An additional 900 corporate jobs will be cut. 13s
- These layoffs are in addition to thousands announced earlier in the year. 17s
- The restructuring efforts are expected to cost one billion dollars. 20s