Starbucks to cut 6,700 jobs and shut 300 stores as profits plunge

by Staff, Brand Republic 29-Jan-09, 09:20

NEW YORK - Coffee shop chain Starbucks is cutting 6,700 jobs and shutting 300 underperforming stores after reporting a 69% fall in profits during the first quarter of the year.

Starbucks: Cutting 6,700 jobs and closing 300 stores

Starbucks: Cutting 6,700 jobs and closing 300 stores

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