btw this is the signal that a company is failing. it will eventually completely crumble and be picked apart by other businesses.
this post was submitted on 28 Sep 2025
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Ehhh, 900 jobs in the scheme of a company in the S&P 500 isn't necessarily very many. Those are usually companies with 10s of thousands of employees.
Actually they list on their website that there's over 18k locations in the US and Canada, so assuming 10 positions per storefront (likely an underestimate) that's only 90 locations being closed. I'm going to go out on a limb and guess that they see a similar amount of churn every year of locations opening and closing, with the difference being that these are locations being deliberately closed as a step in brand strategy
lol the only starbucks near me is in a target
(I don't go to Starbucks, for that quality of coffee it's a better value to just make it at home)
The Starbucks CEO also has one of the highest carbon footprints out of any Fortune 500 and S&P 500 CEO as well given his private jet travel from the Los Angeles area to Seattle. He could have rented out his SoCal home and brought a nice house in Mercer Island to avoid all of this, but instead he chooses his private jet super commute. Bold of them to remove plastic straws and replace them with paper straws.
Fortunately as someone who lives in the Pacific Northwest, I have plenty of more ethical alternatives for coffee shops and cafes so I don't have to give any money to an oligarch. It is a little sad to see the Seattle Reserve Roastery go since that place is everyone's go-to in the dark and rainy Seattle winters, but Starbucks sort of did them to themselves! Fk corporate greed and fk Brian Nichols!
The poor fellow needs a new dock for his new yacht , you guys have no heart
Well at least it's subtle. It's only about three times the size of someone's house.
I have boycott Starbucks for 3 years now. In Taiwan, some malls will only have a single coffee shop and it's Starbucks. I rather just get a boba tea instead of giving money to that evil corp.
Taiwan Starbucks is entirely owned and operated by Uni-president Enterprise Corp. It was part of a deal where Starbucks, the parent corp acquired half of ownership in mainland China Starbucks while giving up all Taiwan ownership.
Over here, Luckin seems more popular than Starbucks, for similar, slightly better quality and slightly worse atmosphere.
Good. Double reason to have it.
I don't know anything about Uni-president Enterprise corp, do they do even worse shit?
They own Carrefour and RT mart and been pretty bad for the local stores.
But he works 6,666x harder....
... and you can bet someone's going to get a performance bonus for this. The whole point of restructuring is to increase profitability right now with no consideration for the future. Someone is going to hit their current year-end cost-savings targets by reducing jobs and closing stores then leverage that to get their next, higher-paid, job for a different company where they will do the same. Applause all round, job well done, isn't the increasing homeless problem annoying?
I've boycotted Starbucks almost my entire life.
Outside of Japan and China, I have never had coffee from a random cafe that wasn't both cheaper and higher quality than Starbucks. That's not to say Starbucks is good in China and Japan, just outside of Osaka, the average quality is not great in those countries.
McDonalds coffee is legit better and far cheaper. I know I'm promoting one big corp over another, but it's true
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This is one I was already boycotting, but not because of their practices, it's because their coffee is terrible. I'd rather get some from the gas station.
That’s not a boycott. That’s the normal market working as designed. If you love the coffee but refuse to patronise them, then you are boycotting.
Yeah I honestly don't get why anyone would choose Starbucks over anywhere else. The beans are badly burnt, the prices sky high and the company itself is scummy. Seriously go anywhere else. Good coffee is so easy to get these days
Doesn’t he all also fly the corporate jet ti the office instead of just living near by
I am already boycotting them.
Same guy who shuttered the Chipotle corporate office in Denver and moved it to Newport Beach, laying off hundreds of people so he wouldn't have to commute. Real standup guy.
Why the hell do boards enable these guys?
Mainly because boards consist almost entirely of these guys - they are all friends and they all do favours for each other!
Guess I'll continue not getting Starbucks coffe as I haven't for years
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Has the Target boycott been successful? I haven't heard them backtrack on their DEI programs, right?
They're continuing to see reduced foot traffic and sales, so the boycott is at least boycotting.
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Only people I know who drink Starbucks are already maga and won’t care. Most people I know just drink (gag) Dunkin. Theres no reasoning, it’s New England.
Do Americans no longer have independent coffee shops and restaurants?? Is it all chains down there now?
Most do - even small towns do.
Starbucks is convenient and that's what they do.
Small stores don't usually have an app, have too few workers so it takes 5-15min to make the coffee or worse after whatever line.
If they ever figure out they can buy a whole ass bag of coffee and a dripper for the cost of 3-5 Starbucks and drink for a month... They'd still go to Starbucks.
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