Audio By Carbonatix
Starbucks will cut about 900 jobs and close its worst performing stores in the US as well as some in the UK as part of a cost-saving restructure, the coffee chain said.
Most of the stores earmarked for closure are in North America and its chief executive said the revamp would reduce wait times and help revive sales.
It comes after Starbucks announced in February that it was axing 1,100 jobs and simplifying its US menu to help flagging sales in its home market.
"This is a more significant action that we understand will impact partners and customers," chief executive Brian Niccol said in a statement, though the firm said it is still "on track" to open 80 new stores in the UK.
"While the EMEA [Europe, Middle East and Africa] business is on track to meet its commitment to open 80 new stores in the UK and 150 across EMEA this financial year, some stores in the UK, Switzerland and Austria will close as a result of this portfolio review", Mr Niccol added.
He said in a letter to employees that the stores marked for closure were "unable to create the physical environment our customers and partners expect, or where we don't see a path to financial performance".
Starbucks added that the job cuts would be in its support teams, rather than its front-of-house baristas.
Latest Stories
-
50-year-old woman killed in bush at Gomoa Potsin; suspect arrested
49 minutes -
GWL moves to restore water supply to Teshie-Nungua as talks advance on desalination plant
52 minutes -
Cocoa Processing Company to leverage AfCFTA for Africa expansion
57 minutes -
Ayawaso East Vote-Buying: Inusah Fuseini warns against ‘self-authorising’ annulment
1 hour -
5 candidates file nominations for Ayawaso East by-election
1 hour -
Delay in 24-Hour Economy rollout was to avoid politicisation – Sagnarigu MP
1 hour -
IEAG calls for level playing field in GoldBod operations
1 hour -
Hope arrives in Savannah as GMTF engages Bole Municipal Hospital
1 hour -
Kofi Ofosu Nkansah granted GH¢500K, court appearance cancelled
1 hour -
ECG recovers GH¢4.39m from illegal connections in 2025
1 hour -
MIIF positions Ghana strongly at Indaba 2026
2 hours -
Mahama extends Accountability Series to regional and district levels
2 hours -
GRA clarifies new 20% VAT rate
2 hours -
MPs laud government’s declaration of Wednesdays as National Fugu Day
2 hours -
UCC launches Africa Ocean Institute to boost marine research, sustainability
2 hours
