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Investing.com -- Amazon.com Inc (NASDAQ:AMZN) is taking greater control over Whole Foods Market as part of a reorganization that ends much of the independence the grocery chain maintained since its acquisition eight years ago, according to Bloomberg.
The company announced last week that Whole Foods’ corporate employees will now join Amazon’s programs for pay, benefits, and other functions. This change marks a significant shift in how the grocery chain operates within Amazon’s corporate structure.
Jason Buechel, who serves as both Whole Foods CEO and Amazon’s grocery chief since January, explained the reasoning behind the change in a memo reported on by Business Insider. He stated that the previous structure created duplicative efforts and did not maximize employee potential.
This reorganization continues a process that began approximately two years ago when Amazon started consolidating its grocery operations. The grocery division encompasses Whole Foods Market along with Amazon Fresh supermarkets and Amazon Go convenience stores.
The move represents Amazon’s most significant step yet toward fully integrating Whole Foods into its broader grocery strategy since acquiring the natural foods retailer.
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