Starbucks is closing hundreds of cafés in the US and UK, laying off nearly 2,000 employees, and spending £820 million (approximately $1 billion) in a major overhaul aimed at rescuing its declining business Many are asking: 'Is Starbucks in trouble?'
The coffee giant is planning on shutting down about 1% of its North American stores by the end of September 2025. That's a reduction from 18,734 to 18,300 locations with roughly 430 cafés closing their doors. CEO Brian Niccol said these are sites where there is no clear path to financial performance or where the physical setup no longer meets customer expectations.
