Starbucks may face more layoffs
Starbucks could cut another 1,000 jobs in the coming weeks, according to a report in the Seattle Times on Saturday.
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. Baristas, she said, would likely be spared.
A Starbucks spokeswoman declined to comment.
The last big round of layoffs came in July. More than 2,000 jobs were lost and more than 600 U.S. stores closed last year.
Starbucks shares are down 5% so far this year, and down 52% over the past 12 months.