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Monday, June 1st, June 1stWall Street newspaper reported on a recentStarbucks Announcement that will affect many employees for the coming months. Starbucks plans to reduce hours of work to match the demand for reduced clientele during thecoronavirus Pandemic, at least until the different home residence mandates cease. However, with this announcement,Starbucks leaders mentioned employees who have unpaid leave until September, which could mean that Starbucks will be completely reopening of that time.

Although this detail is not an official announcement, Starbucks has clearly their minds set the month of September at least having business at the height of their thousands of American cafes at that time. For the moment, many places have kept their doors closed and offering only driving and taking to take away only for customers.

Starbucks has a decrease in gains.

The company's decision to keep the doors closed and reduce hours after aRecent income report April, where the coffee chain showed that its revenues decreased by 46.7% since this period of last year. The company also announced that they felt that the impact of the pandemic will only intensify their quarterly profits, which means that Starbucks could have profound financial problems.

However, many restaurants - chains and small businesses are detrimental to detrimental financial losses during this period. TGI Friday announced that it would beClose more than 70 from its locationsand many other channels will close shops (More than 600 restaurants are closed for now) Samesmall family restaurants have trouble dealing with.

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So, what is it to advance Starbucks?Starbucks has already experienced major changes In its stores, including the temporary suspension of its reusable cup program and closing all the dining rooms. However, as reported that 80% of Starbucks orders were "to-go" before the coronavirus closure, it seems that Starbucks would not take a lot of financial success.The CEO of the company has even announced Let's plan to speed up the company based on the company's reader, which was originally a three to five-year plan that has now been accelerated up to 12 or 18 months.

Nevertheless, with the announcement of the reduction of working hours and Starbucks taking a huge financial stroke based on their gain report, it will be interesting to see how this popular coffee chain will survive. Like every restaurant and business trying to compensate as many financial losses, the result is currently the same: only time will say.