Starbucks plans to close hundreds of stores and lay off close to 1,000 people | NYGazet

As part of an effort to revitalize its business model, the coffee company Starbucks is closing hundreds of stores and laying off 900 employees.

Starbucks is planning to close hundreds of stores and lay off close to 1,000 employees as part of a turnaround effort. In a message to employees, Chief Executive Brian Niccol said the cost-cutting moves were necessary. Store closures will begin immed... [1765 chars]