News, Starbucks may cut 1,000 more jobs: report. (corp, income, companies)

[JD59]

LOS ANGELES (Reuters) - Coffee chain Starbucks Corp could cut another 1,000 jobs in the coming weeks, according to a report in the Seattle Times on Saturday.

The latest cuts could include employees at its Seattle headquarters, district managers and field employees but not the so-called baristas, who serve customers, said the report, which cited a client note from an analyst at McAdams Wright Ragen.

Starbucks may cut 1,000 more jobs: report | U.S. | Reuters

[Stac2007]

I guess that a grande in terms of job losses?

[danameless]

I read a article last week that many analysts believe that Starbucks will be one of the companies that will fail this year.

[IonRedline08]

Originally Posted by danameless

I read a article last week that many analysts believe that Starbucks will be one of the companies that will fail this year.

Do you happen to have a link, or what magazine that may have been in.

I find it hard to believe that could happen, someone would take them over I would think, because it is such a strong brand name, one of the most recognizeable in the world.

Of course, if they did, I would have a lot more disposable income

[michmoldman]

Gee, heres an idea...lower your prices!

[London Girl]

Originally Posted by michmoldman

Gee, heres an idea...lower your prices!

My father in law calls them "Fivebucks"

[MargoKey]

This is another bad sign for the economy. Starbucks is a trend-setter when it comes to booming business areas. If there's a successful neighborhood, there's a Starbucks. Studies have shown that when a Starbucks opens, business increases in the surrounding area -- not only for Starbucks. Their competitors' revenues increase as well.