09/26/2025

Starbucks to Shed 900 Workers and Close Many U.S. Stores

Tariffs, rising coffee bean prices, a weakened economy are hurting the chain

Starbucks said Thursday it's closing hundreds of U.S. and Canadian stores and laying off 900 nonretail employees as it focuses more of its resources on a turnaround.

The Seattle coffee giant said store closures would start immediately. The company did not provide a number of stores that are closing, but it said it expects to have 18,300 North American locations when its fiscal year ends on Sunday, which is 124 fewer than it had at the end of its 2024 fiscal year. As of June 29, the company had 18,734 locations. As of now, it doesn't appear any Ohio locations will be impacted.

Starbucks said workers in its stores will be offered transfers to other locations where possible and severance packages.

Please select this link to read the complete article from WBNS-10TV.