YourNNY Your Source for News & Sports in Northern New York

Amazon’s Whole Foods to cut hundreds of corporate roles

Try to let you know that it’s not the best time, but you’ll be fine and graduate in top of your class. These are the conversations happening within the tech industry right now. The truth, if you look on, you know linkedin or look for jobs, it’s, but it’s, it’s not *** team. Eric Gordon and his friend both left the service industry less than *** year ago to get jobs as user experience designers. We just got our assignments for the quarter today. His first week on the job, Eric recalls *** company meeting where he was told layoffs would affect every team within his new company to hear that we were just having layoffs itself is being there for such *** little time was kind of soul crushing. Kind of, I thought like my hand right there in the 1st 16 days of this year, more than 24,000 employees have been laid off in the tech industry according to layoffs dot F Y I, it’s *** startling number that adds to the 154,000 layoffs that plagued the industry last year. These are the exact areas where they’re laying off the most people. So for Amazon is the devices. Daniel K is *** professor of management at the Columbia Business School and says the layoffs are *** correction to growth from the last few years during the pandemic. Online work boomed and many tech companies anticipated it as *** new normal. But now as we ease back into life before the pandemic companies are laying off workers to bolster their balance sheets, they’re overly optimistic in their ability to grow and the growth never materialized. I mean, Google Amazon, their existing businesses had gotten so successful. So it’s sort of their past success, constraining their future investments. That’s what happened to Chris Greer’s brother just last month. Both he and his brother work in tech and he says his brother was quickly able to find other work since his skills are still needed. Even though these people are getting laid off and the name from our own recruiting where I’m at *** shop style collective, we don’t see anyone kind of taking less right people, people, even if they’re laid off. And there’s *** little bit of fear about the future people, the employees in tech can still demand the work from home. And the other things that they’re used to do says that’s because this isn’t *** problem with tech at large. He says the layoffs are happening in certain sectors of certain companies and many times they’re larger ones. So smaller tech companies are flooding the applicant pool looking for people who were recently laid off. You are still the most heavily sought after talent in the world across industries. So in the midterm, you might have to sort of rethink your transition. But I think in, in 23 years or four years, the hiring will continue Google Meta Amazon, these companies will continue to grow and dominate our, our economy. This might not help those who have just been laid off, but it does show promise for the future Dan Grossman scripts, News Denver.

Amazon’s Whole Foods to cut hundreds of corporate roles

Amazon-owned Whole Foods says it is cutting several hundred jobs as part of a process to simplify the grocery chain’s operations.Video above: Why has the tech industry had massive layoffs?The company plans to make changes to some regional and global support teams over the next two months, according to a memo sent to employees Thursday by the Whole Foods executive team.The layoffs will take place as part of that shift and will affect less than 0.5% of the company’s total workforce, a Whole Foods spokesperson confirmed.Under the changes, Whole Foods, which operates across nine regions, will shift to six. Among other things, it will also create a companywide operations team and transition some specific store support services from regions to a single team.”We often talk about how simplifying our work and improving how we operate is critical as we grow,” the company’s executive team wrote in the memo. “We’ve made great progress in these areas through previous operational and organizational changes. As the grocery industry continues to rapidly evolve, and as we — like all retailers — have navigated challenges like the COVID-19 pandemic and continued economic uncertainty, it has become clear that we need to continue to build on these changes.”Whole Foods said it will not eliminate any store or distribution roles, and the changes won’t result in any store closures.Amazon bought Whole Foods in 2017 for $13.7 billion as part of a wider effort to expand its groceries business. But those efforts have been rocky.In February, the company said it planned to close some Amazon Fresh supermarkets and Go convenience stores as part of a periodic assessment of its grocery portfolio. In a letter to shareholders last week, Amazon CEO Andy Jassy said “Whole Foods is on an encouraging path, but to have a larger impact on physical grocery” the company “must find a mass grocery format that we believe is worth expanding broadly.

Amazon-owned Whole Foods says it is cutting several hundred jobs as part of a process to simplify the grocery chain’s operations.

Video above: Why has the tech industry had massive layoffs?

The company plans to make changes to some regional and global support teams over the next two months, according to a memo sent to employees Thursday by the Whole Foods executive team.

The layoffs will take place as part of that shift and will affect less than 0.5% of the company’s total workforce, a Whole Foods spokesperson confirmed.

Under the changes, Whole Foods, which operates across nine regions, will shift to six. Among other things, it will also create a companywide operations team and transition some specific store support services from regions to a single team.

“We often talk about how simplifying our work and improving how we operate is critical as we grow,” the company’s executive team wrote in the memo. “We’ve made great progress in these areas through previous operational and organizational changes. As the grocery industry continues to rapidly evolve, and as we — like all retailers — have navigated challenges like the COVID-19 pandemic and continued economic uncertainty, it has become clear that we need to continue to build on these changes.”

Whole Foods said it will not eliminate any store or distribution roles, and the changes won’t result in any store closures.

Amazon bought Whole Foods in 2017 for $13.7 billion as part of a wider effort to expand its groceries business. But those efforts have been rocky.

In February, the company said it planned to close some Amazon Fresh supermarkets and Go convenience stores as part of a periodic assessment of its grocery portfolio. In a letter to shareholders last week, Amazon CEO Andy Jassy said “Whole Foods is on an encouraging path, but to have a larger impact on physical grocery” the company “must find a mass grocery format that we believe is worth expanding broadly.