War chest = the money a company keeps on hand for difficult times/quick expansion

High-margin = low cost to make, but high sale price (think frappuccinos, cold foam, etc)

Elastic demand = this can mean a few things, but in this case I mean that Starbucks beverages are generally considered a luxury and are one of the first things that people will cut out of their budget when times get hard

And just in case, a recession is (very) basically when there's less money moving through the economy for some reason

u a real one for this comment

edit: to add on^ my anxiety legit entered the chat cause i was like fuck i’m never gonna find out what’s happening 😂

Like I understand that after the holidays it typically gets very slow. But why didn’t they wait until after the holidays to start these labor cuts, instead of slashing hours during probably the busiest week of the year.

It’s like slave work

It seems like it. Honestly this has only been in recent years. I first started working at sb around 10 years ago and always had 24-32 hrs all year long. Back then, shifts were all 8 hrs. It’s crazy what they be doing now.

love itttttt :’)))