Recent company layoffs - Starbucks

Starbucks Announced: Jan. 28 Number of layoffs: 6,000 workers and 700 non-store employees Reason for the cuts: Starbucks is reporting that its profit dropped 69 percent in its fiscal first quarter. Revenue fell to $2.62 billion from $2.77 billion, while analysts had predicted revenue of $2.70 billion.
Ken Hively / Los Angeles Times
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