STARBUCKS SLASHES JOBS AND STORES

If your looking for more evidence that we are in a real depression here it is. Many multinational companies announced big layoffs this week but this one resonates strongly. Greed is truly a terrible thing. Unlike the greedy Wall Street firms who got rich while leaving the economy in shambles,Starbucks is paying the price for its years of abuse. The chain which became famous for getting millions of Americans, many who didn't have the disposable income to afford a $5 cup of coffee, hooked on their products, is struggling. The chain announced that it would be cutting 6700 jobs and closing 300 stores, after a 69% plunge in quarterly profit from $208.1 Million last year to $64.3 Million.

CHECK THE ARTICLE FROM THE BBC HERE
STARBUCKS SLASHES JOBS AND STORES