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Coffee retailer's profit dropped 69 percent in its fiscal first quarter.
SEATTLE - Starbucks Corp. said Wednesday that it would cut as many as 6,700 jobs as it closes hundreds more stores and eliminates more positions at its corporate headquarters.
It's a shame to see this happen to any company, but as said before, Starbucks was growing out of control, with sometimes as many as 3 starbucks in a city of only 10,000!! That's crazy! I would never spend $5 on a cup of coffee ever!
Starbucks must have seen this coming one day.
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