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Whole Foods Market to cut about 1,500 jobs
Source: Reuters
US | Mon Sep 28, 2015 10:35am EDT
Whole Foods Market to cut about 1,500 jobs
Upscale food market operator Whole Foods Market Inc (WFM.O) said it would cut about 1,500 jobs, or about 1.6 percent of its workforce, over the next eight weeks.
The cuts are aimed at reducing costs as the company invests in technology upgrades, Whole Foods said in a filing.
The affected positions were mainly in stores, but "back of house" positions that were not customer facing, the company said in an email to Reuters.
Whole Foods said it would offer employees options including transition pay, severance, or allow them to apply for other jobs.
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Whole Foods Market to cut about 1,500 jobs
Upscale food market operator Whole Foods Market Inc (WFM.O) said it would cut about 1,500 jobs, or about 1.6 percent of its workforce, over the next eight weeks.
The cuts are aimed at reducing costs as the company invests in technology upgrades, Whole Foods said in a filing.
The affected positions were mainly in stores, but "back of house" positions that were not customer facing, the company said in an email to Reuters.
Whole Foods said it would offer employees options including transition pay, severance, or allow them to apply for other jobs.
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Read more: http://www.reuters.com/article/2015/09/28/us-whole-foods-mrkt-employment-idUSKCN0RS1DL20150928