The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
SHOCKWAVE: Starbucks Slashes 900 Jobs, Closes Stores—Is Your Local Coffee Shop Safe?
the staff of the Ridgewood blog
Ridgewood NJ, in a bold and painful move to reboot the coffee giant’s performance, Starbucks CEO Brian Niccol announced Thursday a sweeping corporate restructuring that includes shutting down a number of underperforming U.S. stores, eliminating approximately 900 non-retail positions, and implementing a hiring freeze.
the staff of the Ridgewood blog
It was a quiet morning in September 2025 when the Bureau of Labor Statistics (BLS) dropped a bombshell that sent shockwaves through the nation. The agency announced a massive downward revision of its employment figures, wiping out a staggering 911,000 jobs that were previously thought to exist between March 2024 and March 2025.
