Starbucks' CEO wants to get customers back to stores. He's also closing them.
The news hit like a gulp of bitter cold brew: Seattle-based Starbucks announced last month the company would be closing hundreds of stores and laying off another 900 corporate employees.
Tuesday, October 7th, it was reported that another 369 employees will be laid off here in Washington State in December due to store “closures.”
This follows a restructuring plan laid out by CEO Brian Niccol.
Here to walk us through the latest out of SBUX HQ is Heather Haddon. She covers restaurants for the Wall Street Journal, and has been following this story all year.
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The skinny
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