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Starbucks CEO Brian Niccol says the company plans to close underperforming locations, cut 900 jobs

Starbucks CEO Brian Niccol says the company plans to close underperforming locations, cut 900 jobs

Starbucks CEO Brian Niccol on Thursday said the company is planning on closing underperforming locations, including those where the coffee chain is “unable to create the physical environment our customers and partners expect,” and will cut 900 jobs. The overhaul will cost $1 billion, according to a Thursday regulatory filing. Most of the costs are…

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