Starbucks approves $1B restructuring; 900 job cuts and store closures planned

STARBUCKS CORP

Board approved plan on Sept 23, 2025; total charges ~$1B, 90% in North America.
Approximately 900 non-retail partner roles eliminated; severance and support offered.
Company-operated store count in NA to decline ~1% net in FY2025, ending ~18,300 total locations.
Charge breakdown: $150M employee separation, $400M asset impairment/disposal, $450M lease costs.

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