~ under ordinary circumstances, we would be gleeful to hear about economic woes at starbucks – at least with regards to their closing stores. but earlier this week we heard about caterpillar and home depot laying off employees, so this seems like a too much of a mess for us to be excited. where else can people get jobs if not at a shitty ‘coffee shop’? has wal-mart fired anyone yet? after this starbucks news, we suspect that when the day arrives that mcdonald’s announces layoffs, we all should collapse to the ground and hope for an alien invasion, because there is nothing left to save us.
“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.
The coffee giant made the announcement as it reported that its profit dropped 69 percent in its fiscal first quarter with sales continuing to slide. ”
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