Starbucks announces more layoffs; “more than 100” cafes to close
Starbucks will close coffeehouses and shed “approximately 900 non-retail employees“ as part of a billion-dollar restructuring plan. It’s the second round of layoffs this year at the multinational chain, which made only $5 billion in profit last year on $36 billion dollars of revenue.
CEO Brian Niccol: “I believe these s…
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