Starbucks , the world's largest coffee chain , has announced that they will be closing more than 400 locations and laying off nearly 1000 corporate employees.

Why Is Starbucks Closing So Many Locations?

The chain has a new restructuring program called the Back to Starbucks initiative, with which they are trying to get customers back into their locations to increase revenue back to where it once was.

Part of that means closing underperforming locations.

CNN reports that the CEO of Starbucks, Brian Niccol, explains, "This is a more significant action that we understand will impact partners and customers. Our coffeehouses are centers of the community, and closing any location is difficult."

How Many Employees Is Starbucks Laying Off?

Difficult, yet necessary in this instance is the

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