"The Wall Street Journal reported on Wednesday that on Nov. 10, Amazon plans to give new job offers to U.S. Whole Foods corporate employees, complete with new titles, salaries, and benefits. The affected employees work in positions ranging from merchandising to marketing, and will be offered a month to review the new compensation packages, according to the report. Under the new job offers, corporate Whole Foods employees will gain Amazon discounts and healthcare benefits, but lose perks, including four weeks of remote work a year."
"Additionally, Whole Foods corporate workers will receive Amazon stock instead of an annual bonus, starting next year. Corporate employees will keep a 20% discount at Whole Foods stores for a year, but lose the perk in 2027. Amazon bought Whole Foods in 2017 and offers a discount to shoppers with Amazon Prime subscriptions. It has also implemented its technology to make stores available for Amazon package pickups and returns."
"Since the acquisition, Whole Foods has increased sales by more than 40% and expanded its footprint from 467 stores in 2017 to 535 stores in October 2024, per The Business Journals. Amazon previously allowed Whole Foods staff to keep their job titles and their benefits. Whole Foods even had its own dedicated CEO, Jason Buechel, until January, when Amazon expanded his responsibilities to include Amazon Fresh grocery stores and Amazon Go convenience stores. Buechel is now Amazon's vice president of worldwide grocery."
Amazon will issue new job offers to U.S. Whole Foods corporate employees on Nov. 10 that include new titles, salaries, and benefits. Affected workers in roles from merchandising to marketing will have one month to review the new compensation packages. Corporate employees will gain Amazon discounts and healthcare benefits but will lose perks including four weeks of remote work per year due to a five-day in-office mandate that began in January. Starting next year, corporate workers will receive Amazon stock instead of an annual bonus, and the 20% Whole Foods employee store discount will expire in 2027. Amazon has integrated technology and expanded store footprint since acquiring Whole Foods in 2017.
#amazon-whole-foods-integration #employee-benefits-and-compensation #return-to-office-policy #retail-expansion-and-performance
Read at Entrepreneur
Unable to calculate read time
Collection
[
|
...
]