The list of major companies laying off staff this year includes Exxon, Starbucks, Oracle, Nike, Scale AI, and more

Tech Insider : Business, Environment, Technology
A customer wearing a magenta coat and black earmuffs opens the door and walks into a Starbucks store in New York City.
Starbucks is planning layoffs and store closures as part of a corporate restructuring.

ANGELA WEISS / AFP via Getty Images

Starbucks CEO Brian Niccol explains what he's gotten wrong in his first year

Tech Insider : Business
Starbucks CEO Brian Niccol sits in a chair onstage during a Fast Company conference.
Brian Niccol spoke on Wednesday about the mistakes he has made during his first year as CEO of Starbucks.

Eugene Gologursky/Getty Images for Fast Company

Howard Schultz said he's Worried — 'with a big W' — about AI

Tech Insider : Business
Howard Schultz.
Howard Schultz said he was worried about the lack of regulation in AI.

Stephen Brashear/AP

The 'Beverage Battles' are brewing: Taco Bell and Chick-fil-A are targeting Starbucks' turf

Tech Insider : Business, Environment, Style
A line up of fast food beverage cups from brands including Wendy's, Taco Bell, and Burger King.
The Drink Rush is on — and Starbucks isn't the only one cashing in on America's beverage obsession.

Michael Siluk/UCG/Universal Images Group via Getty Images

Starbucks just launched its new protein cold foam lineup. It nails what some protein drinks miss.

Tech Insider : Business
The author smiles at the camera while drinking a Starbucks protein cold foam drink
I found the Starbucks protein cold foam lineup well executed, with pleasant flavors and none of the gritty texture that some protein drinks struggle with.

Katherine Tangalakis-Lippert

Starbucks is closing hundreds of North American stores — here are the locations we know so far

Tech Insider : Business, Style
Starbucks customers wait in line.
Starbucks wait times have increased along with demand for cold drinks.

SOPA Images/Getty Images

Nearly 2,700 stores are closing across the US this year. Here's the list.

Tech Insider : Business, Environment
A Rite Aid storefront.
Rite Aid closed its remaining stores in 2025.

Smith Collection/Gado/Getty Images

Starbucks is offering up to 26 weeks of severance for store managers at closing cafés

Tech Insider : Business
Customers leave a Starbucks Coffee shop on September 25, 2025 in Corte Madera, California.
Starbucks is offering managers a range of severance packages based on years with the company.

Justin Sullivan/Getty Images

This is the severance package Starbucks offered to laid-off staff at the stores it's closing

Tech Insider : Business
A close-up of a Starbucks coffee shop sign on September 8, 2025 in Cardiff, Wales.
Starbucks sent its laid-off staff details of what their severance package would look like.

Matthew Horwood/Getty Images

Starbucks is getting the Chipotle treatment — with a twist

Tech Insider : Business
Starbucks cup wrapped in tin foil like a burrito

Starbucks; Getty Images; Tyler Le/BI

Subscribe to Starbucks