Whole Foods Market plans to cut 1,500 jobs over the next eight weeks, representing 1.6% of its workforce. The downsizing comes as the grocer strives to lower prices and invest in technology upgrades and new store models. As companies such as Kroger and Walmart enter the natural and organic foods market, Whole Foods also is striving to remain competitive in light of the market becoming more crowded.
Many of the job cuts will go through a “natural attrition” process, according to Whole Foods representatives. With approximately 2,000 open positions across the company, the grocer expects that a “significant percentage” of affected employees will take on these positions or new jobs created from the 100+ new stores in development.