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NEW YORK — Whole Foods Market Inc. is cutting about 1,500 jobs — roughly 1.6% of its workforce — over the next eight weeks as it looks to lower prices and keep up with competition.
Whole Foods Market Inc. is cutting about 1,500 jobs — roughly 1.6% of its workforce — over the next eight weeks as it looks to lower prices and keep up with competition.
But in a regulatory filing last month, Whole Foods said that many of the reductions will come through attrition. The company said it anticipates workers whose jobs are cut will find other jobs from the almost 2,000 open positions across the company or from new jobs that will be created by more than 100 new stores in development.
Whole Foods said it has added more than 9,000 jobs in the past year and created nearly 35,000 jobs over the last five years.
Whole Foods suffered bad publicity recently when New York City officials found it was overcharging. The company has said that it is taking steps to prevent overcharging, including training for workers and a pledge to give away products if customers discover they were overcharged.
