Whole Foods has announced plans to eliminate 1,500 jobs in the coming weeks in a cost-saving measure aimed at staying competitive. The company revealed on Monday that many of these workforce reductions are expected to be achieved through attrition. It’s anticipated that those affected by these cuts will secure employment from nearly 2,000 current vacancies within the company or from positions that will be generated by the development of over 100 new stores. Recent negative publicity has beset Whole Foods, as they were caught overcharging customers by officials in New York City. The supermarket chain is also grappling with fierce competition as organic products, a central part of their offering, become increasingly accessible elsewhere. For more information, head to CBS Money Watch. The photo credit goes to kpgolfpro from Smartasset.com.
