Starbucks has announced plans to implement a restructuring program, which includes closing underperforming stores across its network. The decision is expected to result in a significant reduction in workforce, potentially impacting hundreds of positions. The company cited declining sales and operational inefficiencies as key factors driving this strategic shift. Affected stores will be evaluated for potential adjustments to business models and locations. The restructuring is part of a broader effort to improve profitability and streamline operations within the coffee industry.
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