Fernando
Elite Member
- Joined
- Nov 7, 2016
- Professional Status
- Certified Residential Appraiser
- State
- California
Starbucks have been opening too many stores.Maybe not.
Starbucks is laying off 900 more corporate workers and closing some North American stores, the latest moves to trim costs and plow money into improving its cafes.
The Seattle-based coffee company said Thursday that most of the affected positions are located in North America. Starbucks said it is also eliminating many open positions. The company plans to notify affected workers Friday and asked corporate employees to work from home Thursday and Friday.
The Starbucks store are more affordable and I'd been considering buying such a property (too bad its NN) but they have been opening stores in some "boonie" areas I would never go.
Now corporate realizes that not all the stores are making money and just expanded too fast.
Too much competition. My daughter used to go for the fraps. Now she goes to more social media recommended places.