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Starbucks to lay off 6,700, close 300 stores

submitted on January 28, 2009 by steve_05 in "Stores / Merchants"
Starbucks Corp. continues to take the ax to its business. New plans include closing 300 stores and cutting up to 6,700 jobs in fiscal year 2009.

Starbucks, hit hard as consumers forego pricey coffees, increased its cost-savings target to $500 million from $400 million for the fiscal year. Starbucks saw its same-store sales fell 9 percent for the quarter.


http://www.chicagotribune.com/.....4564.story
 

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  • 15384
    Solstice
    professor
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    Posted by Solstice on January 28, 2009
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    Too bad actually, they are known for treating their workers well overall. If I'm going to pay for overpriced coffee, I choose to go there just for that reason alone.
      15426
    • MikeG
      learner
      Posted by MikeG on January 29, 2009 [reply] 0 0
      The do treat their workers well, and you can surely tell from the service you get when come in.

      I'm not a big fan of the coffee, but their lattes are pretty good.
  • 15386
    YanBz
    admin
    Posted by YanBz on January 28, 2009 [reply] 0 0
    Oh man, like yesterday's news wasn't enough

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