Starbucks Plans to Ax 1,000 Jobs

By Neal Colgrass,  Newser Staff
Posted Jan 23, 2009 6:53 PM CST
In this March 19, 2008 file photo, Starbucks Corp. Chief Executive Howard Schultz holds up the company's new reward card as he speaks at Starbucks' annual shareholders meeting in Seattle.   (AP Photo/Ted S. Warren, file)
camera-icon View 2 more images

(Newser) – Starbucks is planning to slash another 1,000 jobs by early next month, a source tells the Seattle Post-Intelligencer. About a third of Starbucks headquarters will get the ax, along with field workers and district managers, but not baristas. The Seattle-based company has cut more than 2,000 jobs and suffered from low employee morale since Howard Schulz returned as CEO a year ago, the Seattle Times reports.

"They have us cornered," said a manager at an East Coast store. "They know the economy is bad right now, and we can't afford to walk out of here."