AUSTIN, Texas — Austin-based Whole Foods Market is cutting hundreds of corporate jobs, according to a report from the Wall Street Journal (WSJ).
The Amazon.com Inc.-owned grocer, which operates across nine regions, will reportedly now have six. Whole Foods is adjusting some of its corporate teams' structures, leading to staff cuts. Those impacted by the restructuring will be informed on Thursday.
The grocer told KVUE it isn't planning to close any stores or facilities, nor is it eliminating positions in stores or distribution centers.
"Whole Foods anticipates that the cuts will affect less than 0.5% of its total workforce, which is about 105,000 people," the WSJ report reads. "The company, which has more than 500 stores, currently plans to open about 50 new locations."
Whole Foods' reorganization is expected to take place over the next two months, and each region will be similar in size. As part of the reorganization process, three regional presidents are leaving the company.
To learn more, read the WSJ's full report.
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