Starbucks to close 1% of stores, lay off 900 corporate employees in strategic shift
1. Starbucks will close 1% of its stores and lay off 900 workers. 2. Closure includes Seattle Reserve Roastery, a significant unionized location. 3. The decision follows previous protests at the Seattle location. 4. Corporate layoffs indicate operational restructuring amid rising costs. 5. Investor sentiment might be impacted by the unionization and layoffs.