Starbucks to cut 6,700 jobs, close 300 stores

Even the mighty Starbucks who felt that opening stores on every corner was as good as advertising is now coming to terms with trimming down and closing up. Seems like it was just over a year ago that their growth was limitless or at least that’s what they were telling us. Even though there are still thousands of stores open across the country, it does show that unbridled growth will eventually catch up with you.

It’s also interesting to note how many of the MA franchises modeled themselves after Starbucks, opening multiple stores within eyesight of each other and trying to use store locations as branding and marketing. Looks like they will also model each other as they close down stores and retreat from certain areas.

Starbucks Corp. said Wednesday that it would cut as many as 6,700 jobs as it closes hundreds more stores and eliminates more positions at its corporate headquarters.

Faced with slowing demand for lattes and cappuccinos because of the recession, Starbucks plans to close 300 stores, including 200 in the United States, and eliminate about 6,000 store jobs. The company also plans to eliminate about 700 corporate jobs, including about 350 at its corporate headquarters in Seattle.

Starbucks to cut 6,700 jobs, close 300 stores

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