Thread regarding Whole Foods Market Inc. layoffs

Debt will ensure reduction in workforce

Amazon is taking on 7 billion on their own debt as well as 1 billion of WFM debt, so would you take on 8 billion in debt and not clean house, reduce costs and labor while you seek a margin that allows that kind debt, every WFM employee is at risk, especially sine the CEO sold you all out, so much for peace, love and happiness!

Yup, @OlUzyeO-1rwe, this is my thinking as well. With a debt like that, something has to be done, it is not a matter of choice. And we all know that the easiest way to achieve immediate savings is to cut operating costs by laying off people.

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Post ID: @OP+On6FwHl

5 replies (most recent on top)

Was anyone expecting anything different? C'mon you have to be prepared to move at the speed of retail. Bye bye whole foods!

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Post ID: @1ydt+On6FwHl

It has been advised that we should prepare for the worst and I wholeheartedly have to agree.

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Post ID: @lrw+On6FwHl

Severance package, sign me up!

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Post ID: @wxg+On6FwHl

This is the reality of the mis-management prior to the takeover as well as the financing of the takeover itself. I think there will be a total restructuring involving the elimination of most stores. This will morph into just a brand name food product that is sold primarily on Amazon along with select other retailers in the metros where there is little/no presence. The grocery business is cutthroat and we're losing. I bet Amazon will spin off the operations of the most profitable stores, fire the regions, close the headquarters and run the rest from a desk in Seattle.

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Post ID: @lkx+On6FwHl

agreed, I am preparing for the worse, everybody should

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Post ID: @zyc+On6FwHl

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