WHITE PLAINS, N.Y. -- Reeling from competition and shrinking sales, Whole Foods will lay off 1,500 workers, or 1.5 percent of its workplace, 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.
This follows bad publicity over the months, causing its stock to drop 39 percent to a four-year low, Forbes reports. The Austin, Texas-based operator of 422 stores is under pressure to lower its prices.For the full story see at forbes.com .
Click here to sign up for Daily Voice's free daily emails and news alerts.