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National grocery chain Whole Foods, which is owned by multibillion-dollar corporation Amazon, is cutting medical benefits for hundreds of part-time employees, Business Insider reported today. The decision, according to the company, is designed “to better meet the needs of our business and create a more equitable and efficient scheduling model,” a Whole Foods spokesperson told BI.
Amazon purchased Whole Foods in 2017 for $13.7 billion, and the grocery chain currently employs roughly 95,000 people. Amazon, on the other hand, is worth nearly $910 billion, making it the third most valuable company on the planet behind Apple and Microsoft, both of which passed trillion-dollar market valuations over the past 12 months.
Despite being the…
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Author: Nick Statt