LayoffBlog.com

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


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: