Starbucks To Layoff 1,000 More Employees - Coffee Giant In Recession?

The great coffee giant Starbucks is encountering some new problems as the economy slips down into a recession. According to reports Starbucks plans to do another big layoff to over 1,000 employees.

According to the Seattle Times, "Another big round of layoffs is expected at Starbucks, possibly 1,000 people - a third of its headquarters employees - and some district managers and field employees, according to an e-mail sent to a stock brokerage's customers Friday."