Starbucks to cut 1,000 non-store jobs

[RamboLiberal]

Source: MSNBC/AP

NEW YORK - Starbucks Corp., which already plans to shut 600 stores, said Tuesday it is also cutting almost 1,000 office jobs as part of its bid to re-energize the brand and boost its profit.

Of the new cuts, 550 of the positions are layoffs and the rest are unfilled jobs.

The announcement came a day before Starbucks was set to report its third-quarter financial results, which analysts expect to show a substantial decline in profit because of slower traffic and a drop in sales at established stores.

For the company’s investors, the store closures and layoffs offer some hope that the chain’s declining traffic, profit and stock price may all rise again.




Read more: http://www.msnbc.msn.com/id/25916746/

[LiberalFighter]

1. They want to boost profits? Just increase the price by $3. That should make them happy.

[Danieljay]

2. If they want to boost profits, make better coffee. Nothing compares to Stumptown out of Portland!

The best coffee on the planet.

[evilkumquat]

3. This Shit Always Gets Me.

Are they cutting jobs because they are LOSING money...

Or are they cutting jobs because they are not making money FAST enough?

One is understandable; the other is just fucking evil.