Starbucks Corporation will be closing more stores over the coming months and will also be cutting thousands of jobs. According to Bloomberg.com, the coffee shop chain will be shutting down a total of 300 stores (including 200 in the United States) and letting go of 6,700 workers.
Last year, Starbucks closed 600 stores, including seven in Massachusetts. It is not known at this time how many stores (if any) will be closing in the state this time around.
For more information on the closing of Starbucks stores and the laying off of workers, please go to the Bloomberg link below:
Starbucks to Cut 6,700 Jobs After Earnings Fall 69%
