Alshaya Group, the franchise owner in the Middle East, intends to lay off more than two thousand workers. The process of eliminating jobs that began on Sunday aims toLay off about 4% of the total workforce at Alshaya.
One source stated that the boycott campaigns led to difficulties in the company's working conditions. Starbucks shares - listed on the US Nasdaq index - fell 1% to $91.50, at the time of writing the report. The group did not reveal which stores it would close or when it will close them.