”A painful report card” in front of Starbucks. A massive storm of employees

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YTN
The large store in Star.s’ hometown, Seattle, USA, is closing.

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YTN
1124 Pike Street
You can experience high-quality coffee at a coffee house that brews beans yourself.
This is Starvax’s iconic store.

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VTN
ethe closure ofthe
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Jeonstar Bus employee
It’s always crowded. I can’t believe it’s closed.

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YTN
Starbus operates in North America
Announced that hundreds of stores would be closed.

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Y.T.
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Net profit in the second quarter of this year decreased by 47%.
This is because net profit has continued to decline for six quarters.

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YTN
Earlier this year, 1,100 employees were laid off.
We plan to lay off an additional 900 people.
BUCKS

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YIN
This restructuring and store closure
It costs about 1 billion dollars or ]4 trillion won.

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Starmux stated in a notice that the store was closed,
He said, “We will support and protect our employees during times of change.”
UONo

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YTN
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Employees belonging to the labor union do not accept it that way.
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Starbus employee
We weren’t given any other options.
There was no transition arrangement, and there was no way to say ‘I’m sorry, but it’s the end.’

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Stars’ restructuring announcement means that America’s second quarter GDP grew by 3.896.
Combined with the statistics, it stands out even more.
STARBUCKS
COFFEE

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YTN
Mark Hamley
Bancrate Senior Economic Analyst
It has been revealed once again that the U.S. economy is much stronger than expected.
Despite the shocks of recent years,
THE
GTARDUCKS
COFFEE
UOMPNNY

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YTN
SUEWaPI
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Even though American consumers’ wallets are open
Couldn’t keep up with competition and trends in the coffee market.

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YTN
This means that we were unable to provide customers with a value commensurate with the price of the coffee.
This is a painful report card for Starsubs.