Starbucks Begins Announced Job Reductions To Cut Costs

By: Associated Press
By: Associated Press
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NEW YORK (AP) -- Some 1,370 Starbucks employees are getting word today that their jobs will be cut.

Starbucks says about 500 non-store employees in the United States and Canada and 870 assistant managers are being laid off.

The company says it's offering some of the affected employees other jobs. Those who leave will be offered severance pay, benefits and help finding another job.

Starbucks plans to close 300 locations in the U.S. and overseas.

Starbucks' Web site says the company has 406 locations in Colorado.

A Starbucks spokeswoman says there are no details yet on the number of employees or stores in Colorado that may be impacted, and that a list of closures will be released when a full assessment has been completed and affected workers have been notified.

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