Cuts at Starbucks
By REUTERS
Published: February 22, 2008
Starbucks eliminated 600 jobs Thursday in an effort to refocus its coffee-selling business to reignite growth.
The cuts included 220 layoffs of employees in Seattle who performed a variety of duties from finance to design and marketing, a company spokeswoman, Valerie O’Neil, said. She said the company had also eliminated 380 open positions.
Starbucks has been battered by slower consumer spending, higher costs and concerns it may have saturated its domestic market
