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Starbucks cutting 7,000 jobs, closing 300 stores
Starbucks Corp. plans to slash nearly 7,000 morejobs during a new round of store closures and other cuts, the company said as it reported Wednesday that its profit dropped by more than two-thirds in its fiscal first quarter.
The gourmet coffee chain plans to close 300 underperforming stores around the world -- including 200 in the U.S. -- by the end of the fiscal year in addition to the 600...
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