Whole Foods feels the pressure to lower prices

Whole-Foods-banana-standSeptember 29, 2015- Press release, “Grocery chain Whole Foods is cutting about 1,500 jobs over the next eight weeks as it looks to lower prices and keep up with competition.

The cuts represent about 1.6 percent of its workforce.

But Whole Foods Market Inc. said in a regulatory filing on Monday that many of the reductions will come through attrition. It anticipates workers whose jobs are cut will find other jobs from the almost 2,000 open positions across the company or from new jobs that’ll be created by more than 100 new stores in development.”

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