July 29, 2008
More Lay-Offs at Starbucks
All is not well in the land of the mermaid. After weeks of whispered words like "bloodbath" around Starbucks headquarters and gossip sites, the coffee giant announced today just how large this round of lay-offs will be. Today's cuts will affect 1,000 employees, 180 of them located in Seattle at Starbucks HQ or the regional office. This comes hot on the heels of news that Starbucks will be closing 616 under-performing stores and that the 12,000 workers that run those stores will also be jobless. The way it's going, we have a feeling 2008 will be muttered about and cursed in Starbucks circles for decades to come.



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Yay! Recession!
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I walked out after the Starbucks shareholders meeting a couple of years ago. Tony Bennett had just sung and before that Howard was talking about the ultimate goal of 40,000 stores worldwide. I remember thinking this is ridiculous. Why the hell didn't I sell then? I'm such an idiot sometimes.
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That was pretty dumb. Tony always does an encore.