Money Amazon is reportedly planning to cut jobs at Whole Foods

00:20  20 june  2017
00:20  20 june  2017 Source:   Business Insider Australia

Amazon to buy Whole Foods for $13.7 billion

  Amazon to buy Whole Foods for $13.7 billion The online retailer is stepping into the physical retail world in a big, big way.The online retailer, which has spent the last few years toying around with experimental physical stores, said it has agreed to acquire Whole Foods Market for $13.7 billion, or $42 a share. The companies expect the deal to close in the second half of the year.

Amazon is planning to cut jobs at Whole Foods when it takes over the company, according to a Bloomberg report published on Sunday that cites a Bloomberg's source reportedly said that Amazon is looking at introducing the same technology in its Amazon Go stores to Whole Foods stores.

Steve Jurvetson / Wikimedia CommonsAmazon CEO and founder Jeff Bezos. Amazon is planning to cut jobs at Whole Foods when it takes over the Bloomberg’s source reportedly said that Amazon is looking at introducing the same technology in its Amazon Go stores to Whole Foods stores.

Jeff bezos© Provided by Business Insider Inc Jeff bezos Amazon is planning to cut jobs at Whole Foods when it takes over the company, according to a Bloomberg report published on Sunday that cites a source with knowledge of the matter.

The Seattle-headquartered ecommerce giant is considering replacing Whole Foods cashiers with technology, according to the report.

The exact number of roles on the line is not specified but it could run into the thousands given Whole Foods employs around 90,000 people in total, with many of those working on the shop floor.

Amazon also intends to reduce the price of Whole Foods stock as part of a wider effort to make its grocery offering more appealing to people on low and middle incomes, the report suggests.

Analysis | Drone-delivered kale, and 5 more things we might see at an Amazon-owned Whole Foods

  Analysis | Drone-delivered kale, and 5 more things we might see at an Amazon-owned Whole Foods Expanding AmazonFresh isn't the only thing that could come out of this deal. Expect the grocery shopping experience to be transformed.But expanding AmazonFresh isn’t the only thing that could come out of this deal. Amazon’s purchase could drastically change the way we shop for groceries.

Steve Jurvetson / Wikimedia CommonsAmazon CEO and founder Jeff Bezos. Amazon is planning to cut jobs at Whole Foods when it takes over the Bloomberg’s source reportedly said that Amazon is looking at introducing the same technology in its Amazon Go stores to Whole Foods stores.

Bloomberg's source reportedly said Amazon was looking at introducing the technology in its Amazon Go stores to Whole Foods stores. Amazon did not immediately respond to Business Insider's request for comment.

Bloomberg isn't the only publication examining the potentially devastating consequences for Whole Foods staff. A separate opinion piece from Forbes contributor Panos Mourdoukoutas on Sunday carried the headline: "Amazon-Whole Foods Deal Is Bad News For Store Cashiers And The Fight For $US15 Minimum Wage."

It's no secret that Amazon is interested in developing supermarkets that do away with people and replace them with sensors, scanners, and chips. They're called Amazon Go stores.

Amazon Go stores feature technology that allows shoppers to simply walk in, grab what they want, and leave. Amazon opened its first Amazon Go test store in Seattle earlier this year. The cashierless store uses a range of sensors and a smartphone app to know what customers have purchased.

Bloomberg's source reportedly said that Amazon is looking at introducing the same technology in its Amazon Go stores to Whole Foods stores.

Amazon did not immediately respond to Business Insider's request for comment.


Amazon Robots Poised to Revamp How Whole Foods Runs Warehouses .
<p>The retailer could bring its distribution technology to the grocery chain</p>"We will be joining a company that’s visionary," Mackey said, according to a transcript of the meeting. "I think we’re gonna get a lot of those innovations in our stores. I think we’re gonna see a lot of technology. I think you’re gonna see Whole Foods Market evolve in leaps and bounds.

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