Starbucks announced Thursday plans to shutter hundreds of stores nationwide — with some in Portland slated to close as soon as this weekend.

The closures are part of a turnaround plan spearheaded by Starbucks chairman and CEO Brian Niccol, who was brought into the company last year to help give the Seattle coffee giant a needed boost. Starbucks will also lay off approximately 900 corporate roles as part of this effort.

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