So you want to compete on price, huh? Here's what its going to cost.
Over 4000 layoffs, like 2000 store level buyers. Wonder why you can't find your favorite foods anymore? No one to order it and less peoples to stock it.
365 Store is all about keeping labor cost down, that means less staff and lower skills. Employees have been replaced with robots or automation. Food is subcontracted and packed offsite. No skilled professions needed, meat cutters, sommeliers, cheese professionals. Just grunts to follow orders and pack shelves with generic house brands.
Salaried staff in IT and global have been replaced with contractors and Old White Men. Accenture, Bain, McKinsey are making a killing at HQ, teaching WF how to cut costs and run it like the big boys. And the new bigwigs are being plucked from Target (like 5 of them already), Walmart, Coke, Nike. Geezus, that will help the culture!
Hundreds of Less marketing and HR staff in stores and regions to help your staff and customers, because that work can be handled by the professionals at Global!
Wait, the Best is the Exodus of Leadership to Competition: Ben Friesland to Lucky's (Kroger), Jerome McElewee and Annie Yoo to Thrive, Scott Crawford to Fresh Direct, Mark Law to New Seasons, Dwight Richmond to Earthfair, Paul MacLean and Paul White to Alfalfa. Tip of the iceberg, there are more to come.
Hope the prices look cheap now, who paid for it??