#corporateupdate

Amazon has confirmed it will lay off 14,000 employees as part of a major restructuring plan. The company says the move aims to streamline operations and speed up its transition toward artificial intelligence-driven innovation and decision-making.

Starbucks Announces Closure of Over 100 North American Stores

Starbucks has announced the closure of over 100 North American stores, representing approximately 1% of its corporate-owned locations. The company has not released an official list of affected stores; however, Business Insider has compiled a list based on reports from in-store staff, journalist visits, and the Starbucks store locator tool. The closures span several states, including California, Washington, New York, Texas, and Virginia, among others.

Notably, the iconic Capitol Hill Reserve Roastery in Seattle, which opened in 2014, is among the closures. This location was significant not only for its unique offerings but also as one of Starbucks' first unionized stores. Starbucks has stated that the decision to close this store is part of a broader initiative to close underperforming corporate-owned locations across North America. The company emphasized that the union status of the store played no role in the decision, and efforts are being made to reassign affected employees.