(WASHINGTONPOST) — Whole Foods Market announced Monday that it was slashing 1,500 jobs over the next eight weeks, a cut that will affect about 1.6 percent of its workforce.
The reduction affects only a small slice of the organic grocery chain’s workforce, and the company expects a “significant percentage” of the employees will be able to find different positions within the company. But the move is noteworthy in that it helps shed light on where the company is headed as competition in the organics business intensifies.
In a statement explaining the job cuts, Whole Foods said that the decision was part of its effort to lower prices for customers and invest in better technology. And that underscores how essential the company believes it is to reposition itself in a fast-changing grocery environment.
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