Keurig Green Mountain to Cut 5 Percent of Work Force
Given the recent news of disappointing earnings with a 27 percent drop in sales this quarter, Keurig Green Mountain is going to compensate the loss by cutting 330 jobs. 200 of those jobs will be in their Vermont location with another 130 jobs at other offices.
We would never have imagined that Keurig would ever need to layoff anyone given the success in the single serve coffee world. Keurig simply dominates the single serve coffee market, but if you expect profits to keep going up and up and up then it’s no surprise this is happening. Our hearts go out to those possible affected by these cuts, and hopefully it’s a temporary bump in an otherwise non-bumpy road.
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Posted by Jay Brewer at August 10, 2015 8:16 AM
I feel sorry for the people who are losing their jobs. The 2.0 was simply a poorly thought out concept. The company understimated how peeved customers would be at not being able to use the coffee of their choice and how crippling DRM cn be.
I think it's going to get worse when the Kold debuts.