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Competition, Falling Stocks Prompt Whole Foods To Lay Off 1,500 Workers

Michael Sinatra, public relations manager for Whole Foods, leads a tour of the Port Chester location when it opened. Whole Foods will lay off 1,500 employees, many at the store level.
Michael Sinatra, public relations manager for Whole Foods, leads a tour of the Port Chester location when it opened. Whole Foods will lay off 1,500 employees, many at the store level. Photo Credit: File

FAIRFIELD COUNTY, Conn. -- Reeling from competition and shrinking sales, Whole Foods will lay off 1,500 workers, or 1.5 percent of its workforce, according to reports from forbes.com .

Most of the cuts will come at the store level, where 30 percent of the staff works part time, the story said.

The move follows bad publicity over the months, causing its stock to drop 39 percent to a four-year low, Forbes reports. The Texas-based operator of 422 stores is under pressure to lower its prices.

Whole Foods has local store locations in Danbury, Darien, Fairfield, Greenwich, and Westport.

Read the full story here at forbes.com .

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