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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 immediately, and the affected employees will be notified on Friday, Niccol said.

The company has been revamping its slowing business and announced layoffs of more than 1,000 corporate employees earlier this year. This round of layoffs will affect only non-retail employees, Starbucks said.

Niccol did not specify how many stores would close, but said the company will end its fiscal year with nearly 18,300 stores across the U.S. and Canada.

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