Starbucks Layoffs Begin with 1,000 Cuts

Starbucks has issued more than 1,000 pink slips in its newest round of job cuts.

About 870 assistant store managers were notified that their positions were eliminated.

The company also said about 500 non-store employees in the United States in Canada have been notified that their jobs have been cut. Around 300 of those positions are located in the Seattle-based Starbucks Support Center.

Starbucks said similar actions are taking place in international markets where the company owns its stores.

The coffee chain announced in January it would close 300 outlets, and slash as many as 7,000 jobs.