Thread regarding Whole Foods Market Inc. layoffs

Does this even make sense?

(From The Motley Fool)

Whole Foods Market Inc. Cut Employees. Now What?

In FY 2016, the company is aiming for sales growth of 3% to 5%.

In late September, Whole Foods Market (NASDAQ:WFM) announced that it would cut 1,500 jobs over the next two months. The step, the company said, was "part of its ongoing commitment to lower prices for its customers and invest in technology upgrades while improving its cost structure."

Whole Foods is popularly known as an employee-friendly company with a very low attrition rate, so this decision surely wasn't easy. Was the cut necessary? Will the company's fundamentals improve? Let's assess the situation.

http://www.fool.com/investing/general/2015/11/07/whole-foods-market-inc-cut-employees-now-what.aspx

Whole Foods is popularly known as an employee-friendly company with a very low attrition rate, so this decision surely wasn't easy. Was the cut necessary? Will the company's fundamentals improve? Let's assess the situation.

Full disclosure at the bottom:

John Mackey, co-CEO of Whole Foods Market, is a member of The Motley Fool's board of directors. ICRA Online and Eshna Basu have no position in any stocks mentioned. The Motley Fool owns shares of and recommends Costco Wholesale and Whole Foods Market. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

by Anonymous195624
| 574 views | | 6 replies (last November 19, 2015) | Reply
Post ID: @OP+ElXGoul
Comment! It's anonymous!

6 replies (most recent on top)

Motley Fool is a joke. Mackey is on the board!

by Anonymous203352
| | Reply
Post ID: @c8ov+ElXGoul

Mackey is so corrupt, who would believe anything he says?

by Anonymous203351
| | Reply
Post ID: @cMTS+ElXGoul

You can still grow the company and eliminate jobs. It's called being more efficient.

by Anonymous197802
| | Reply
Post ID: @4F9y+ElXGoul

thanks for the heads up...LOVE this site....I'm so relieved to know you all are out there...Thank You, Thank You, Thank You.....One In All

by Anonymous195732
| | Reply
Post ID: @1xY6+ElXGoul

I totally agree and considering his past behavior, who knows who is putting these points together..😎

by Anonymous195642
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Post ID: @ox9+ElXGoul

Readers and subscribers of the Motley Fool's site were incensed when Mackey was allowed to join the Board of Directors of the Motley Fool. Their excuse was that "we changed the investing world, and he's changed the business world." What a load of bullshit. No financial and investment publication should have board members who are top officials of the companies they review. It's beyond disgraceful. He shouldn't be on the board. I don't trust ANYTHING Motley Fool writes now -- whether it's disclosed or not.

by Anonymous195626
| | Reply
Post ID: @rJC+ElXGoul

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