STARBUCKS TO CLOSE STORES AND LAY OFF HUNDREDS OF STAFF IN 1 BILLION RESTRUCTURE Starbucks announced Thursday that it will close some underperforming company-owned stores in North America and eliminate about 900 corporate roles as part of a sweeping 1 billion restructuring plan. In a message to employees, CEO Brian Niccol said the company had reviewed its coffeehouse portfolio and identified locations “unable to create the physical environment our customers and partners expect, or where we don’t see a path to financial performance.” Full article: https://www.msn.com/en-us/money/companies/starbucks-to-close-stores-and-lay-off-hundreds-of-staff-in-1-billion-restructure/ar-AA1NhWo9?ocid=msedgntp&pc=HCTS&cvid=68d55af1a75d4af39d71108b741a0904&ei=12(FXHedge)