Whole Foods is eliminating several hundred corporate jobs over the next two months, the Amazon-owned grocer told employees in a memo on Thursday.
The cuts comes as the upscale market reorganizes its global and regional support teams from nine regions to six, according to the memo.
“As we simplify processes and improve how we operate, we will be able to quickly respond to evolving business needs, focus more on our most impactful work, and invest in new ways to serve all stakeholders,” the memo said.The layoffs will affect less than .5% of Whole Foods’ 105,000 employees, according to a Wall Street JournalThere are more than 500 stores and the company is still planning to open 50 more, according to the report.
Austin, Tex.-based Whole Foods has also streamlined its operations – doing more purchasing as a block rather than separate regions and stores – since Amazon acquired it in 2017 for an eyepopping $13.7 billion. Whole Foods is eliminating hundreds of corporate jobs over the next couple of months, the company told employees in a memo.As part of the shakeup, three regional presidents are leaving Whole Foods, a spokesperson told The Journal.Whole Foods is the latest retailer to announce layoffs as companies brace for a feared recession and slower sales.Anadolu Agency via Getty Images
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