Sunday, January 25, 2009

Starbucks Layoff: Starbucks may cut 1,000 more jobs

Coffee chain Starbucks Corp could cut another 1,000 jobs in the coming weeks and also may close down 600 cafes. This has already trimmed jobs in stores and at its headquarters. The company is scheduled to release its first quarter financial results on Wednesday. The company recently told employees that it will not guarantee matching contributions to their 401(k) retirement plans this year.

Source: Reuters

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