Starbucks announced it will eliminate 870 Assistant Managers in stores around the country. An additional 530 positions will not be filled. In addition to those cuts, the company also said 300 support staff in Seattle would be let go as well.
Starbucks cutting 6,700
January 29, 2009 — Colione
Starbucks reported it missed goals and will close 300 stores and layoff 6,700 workers. The CEOs salary would be reducd to less than $10,000 from over $1 million last year. Planned store openings were also reduced by half of last years openings to about 95.
Starbucks feeling the pain
January 26, 2009 — Colione
Starbucks has announced it’s top managers will not receive base raises for 2009 and didn’t receive bonuses for 2008 either. People are buying your $6.00 cup of coffee anymore??
