People who are not taking their severance are not safe either. There is a huge labor cut in FP4, who ever decides to stay might get moved to another department if their current department can't afford them anymore, as they have lost their title and they are just an over paid TM. If they decide not to take that job, then it's considered resignation, no severance package then!
7 replies (most recent on top)
Who cares, many of you are over paid anyways! Many of you TMS just sit around grazing all day and steal company time. Get back to work! Show the Guest attention and restock the end caps!
FP4 = Fiscal Period 4, occurs after Christmas & New Years.
Whats fp4
it's already happening in Sopac.... Team members were asked to move to a different dept....
it's already happening in Sopac.... Team members were asked to move to a different dept....
http://m.motherjones.com/tom-philpott/2015/09/whole-foods-bob-mackey-job-wage-cuts-unions-wall-street
Just read it
That unfortunately is how it works in any other corporation. My employer before wfm cut the number of TLs one year- they either had to accept a transfer to the location they stated (within our city still..but it could be 20 miles away..) or it was equatable to you giving your two weeks notice, and no severence. Most of them transfered, another left to take on managing a restaurant chain, some left and one or two left entirely for a different job sector.
It is standard business practice (whether you feel it conflicts with wfm core values or not). That is the thing peope, this restructuring is about the bottome line: profit. Cut the excess, pay people less for more work (and if you think there is any shortage of individuals willing to take a job like that, you're living in a dream world). Many of these changes ive seen come down make business sense if wfm wants to survive as a viable company. People will still shop there, thats a fact. They will make money. My first red flag was when they decided to dilute the stocks and offer more shares to purchase...
They have to update their business model, the current one is unsustainable.
I took away a lot of experience and meet alot of wondeful people in my time with the company so im not at a total loss. Much of this has given me better more refined skill sets i can take to the table with companies who might otherwise have glossed over my resume and seen me just as average. I became a better, more conscientious human being, and i am taking it all for what it was worth.
Yes i was sad and disappointed, but i was realistic about what it meant from their perspective (misguided or cruel as it may have come off)
Im just curious how all of this will play out in the next fiscal year.