Starbucks is cutting jobs and shuttering stores as part of CEO Brian Niccol’s billion-dollar plan to revive the coffee chain.

Starbucks announced the move on Thursday, stating in a U.S. Securities and Exchange Commission (SEC) filing that the company was restructuring its operations.

Niccol wrote in a Thursday letter to North America staff, also submitted to the SEC, that Starbucks would close about 1% of coffeehouses in fiscal year 2025, which ends on the last Sunday of September. The company will end the fiscal year with about 18,300 total Starbucks locations in the U.S. and Canada.

Meanwhile, the coffee chain also plans to cut its non-retail workforce by 900 roles and close many open positions. Affected employees will be notified on Friday morning and given “generous severance an

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