Layoffs will begin soon. Company officials announced last week that layoffs could be ready in as little as two weeks. All contracted positions have been cut and open positions are being reevaluated or closed. This is across both Caribou Coffee and Einstein's Bagels, and appears to have affected other family companies Green Mountain Keurig and Peet's Coffee. Spending was cut 25% and layoffs are expected to be deep.
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Peet’s layed off about 20 people last week.