Whole Foods Slashing 1,500 Jobs to Lower Prices, Add Technology

By JASON KOESTENBLATT (Patch Staff)

September 28, 2015

Whole Foods Market announced Monday it would be cutting approximately 1,500 jobs with the hopes of cutting costs for its products and adding technology to its stores.

In a statement from co-CEO Walter Robb, the 1,500 job reduction marks approximately 1.6-percent of the company’s workforce after it added 9,000 new jobs in the past year.

“Whole Foods Market will reduce a number of positions over the next eight weeks,” the statement said. “[Whole Foods] anticipates many of the reductions to be managed through natural attrition and expects a significant percentage of affected Team Members will find other jobs from the nearly 2,000 open positions across the company or via new jobs created from the more than 100 new stores in development.”

Whole Foods stated the reduction was part of “its ongoing commitment to lower prices for its customers and invest in technology upgrades while improving its cost structure.”

The company operates a store on Route 1 in Princeton.