January 29, 2009

Starbucks to cut 6,700 workers

Filed under: Services,US — 7macaw @ 8:00 am
Tags: , ,

Starbucks Corp. said yesterday that it will eliminate about 6,700 jobs because of the difficult economy.

Starbucks said its profit dropped 69 percent in its fiscal first quarter, to $64.3 million. Starbucks said it will close 300 underperforming stores in addition to the 600 it already planned to close in the United States. The company had planned to open 200 stores in the United States but will scale back to 140.

Source: Baltimore Sun

1 Comment »

  1. A friend was recently fired 4 days short of 100% vested in Starbucks stock. The gossip is that the managers are short changing employee’s shifts in order to, in essence down size staff. If you cannot get shifts, you cannot work. And I thought Starbucks was a “different corporate employer”.

    Comment by Boycotter — February 6, 2009 @ 10:43 am | Reply

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