Tuesday, March 3, 2009

Starbucks Is Holding Steady (For Now)

Starbucks CEO, Howard Schultz, has announced that the layoffs will cease for the time being.
Since resuming the CEO role early last year, Schultz has tried to fix the chain's slipping profits by cutting 8,700 jobs, closing about 975 stores and making a dizzying array of menu and other changes.

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