The Seattle based coffee chain will be laying off 12,000 of their employees, which is about 7% of their nationwide employment.
The popular chain will be closing 5% of shops because of "a wide-ranging effort to boost its bottom line and its stock price. The chain is accelerating international growth," according to The Seattle Times.
Watering it all down -the stores were losing money mainly because it would compete with other Starbucks, which were just around the corner. I don't know whose idea it was so literally saturate areas with Starbucks, but I'm sure that genius is now part of the 7% laid off.
Honestly, I don't really care if a shitload of Starbucks are closing... just as long as they keep the same recipe for a Java Chip frappucino. If they even decide to reevaluate it, I'm gonna have to smack some CEO bitches.
Wednesday, July 2, 2008
600 Starbucks locations closing...
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1 comment:
YES! I always get the Java chip! In Rockwall, the smallest county in Texas, there are currently 4 Starbucks.
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