We welcome you to JobBank USA and hope your job hunting experience
is a pleasant one. We hope you find our resources useful.
January 24, 2009
An analyst says as many as 1,000 Starbucks Corp. employees could be laid off within weeks, according to published reports.
The layoffs could include one-third of corporate employees, district managers and field employees, according to an e-mail sent Friday by Diane Daggatt, managing director at Seattle-based brokerage McAdams Wright Ragen. No barista jobs were expected to be cut, she said.
Starbucks (NASDAQ: SBUX) declined to comment on the report.
“We cannot, as a public company, comment on any details about our business in advance of our earnings release next week, and we do not comment on rumor and speculation,” Starbucks said in an e-mailed statement.
In December, officials of the Seattle-based coffee company said they planned more than $200 million in new cost-saving moves in fiscal 2009, in addition to $200 million in cost savings from steps already taken.
Starbucks’ profit for fiscal year 2008, which ended on Sept. 28, was down 53 percent to $315.5 million. Fourth-quarter fiscal 2008 profit fell 97 percent to $5.4 million.
Starbucks operates seven full-service locations in the Dayton area, plus several smaller kiosks.
Email This Page!