Cory Mattson
1/28/09
11:10
Everyone right now is aware of the fact that our economy is suffering immensely. It is no secret to anyone that everyone is starting to feel the pain of the economy drowning. One of the biggest companies in the United States and even big in other countries now is closing stores and cutting off jobs. Starbucks will be closing over 300 stores around the world and cutting more than 6,700 jobs. Starbucks is an employs many many jobs and for the next few months 200 stores in the United States will be closing and people losing many jobs once again to add to the drowning of our economy. The head employees at Starbucks are even facing the impact of the economy.
In the article I read, I thought that Starbucks was actually doing a pretty good job with handling the situation of the economy suffering. They are getting people who are getting laid off or trying to help them find other jobs and help out their situation instead of just letting them go and being helpless. Of course it is depending on how long they have worked for Starbucks and how high up they are, but at least they are trying to help in some way. Even the big executives are taking a pay cut and many of them did not get any bonuses this last year and now extra earnings like they have in the past. It just shows even a company this large throughout the world is taking a big hit from the economy.
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