Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeff Bezos Automation Pursuit Will Most Likely Slash Jobs At Whole Foods Market, Inc. (NASDAQ:WFM) As Part Of The Recent Acquisition

Amazon.com, Inc. (NASDAQ:AMZN) made a significant step with the recent acquisition of Whole Foods Market, Inc. (NASDAQ:WFM) according to CEO Jeff Bezos but this has also led to concerns about job security for those working in the stores throughout the country.

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Amazon’s acquisition has created a genuine reason for Whole Food workers to worry because their jobs are now in jeopardy. This is because the online retail giant is planning to bring automation to most of the Whole Foods stores operating throughout the U.S.  So much for minimum wage hikes.

Amazon’s business model revolves around replacing humans from production and services for the sake of customer service improvement, much like machines enhance quality of life wherever they are used. Unfortunately, this happens to be at the expense of workers relying on those jobs for livelihood. Fortunately, new employment can always be found especially in today’s robust jobs market.

Amazon’s strategy has been compared to how Wal-Mart Stores Inc (NYSE:WMT) facilitated the death of small businesses when it introduced its big box model, but also saved consumers lots of money. This time Amazon is doing something similar, through its automation model which threatens more than $16 million jobs, or $16 million in savings from the other perspective. One example that proves that it is headed in that direction is the fact that it announced that the Amazon-Go model would also not feature employees.

“I think sometimes, our company’s gone a little bit too much team-member focus at the expense of our customers,” stated Whole Foods CEO John Mackey.

Mackey’s statement suggested that the company is yet to achieve as much efficiency as it can offer. Automation would greatly help towards achieving such goals and the only thing getting in the way of it is the employees.

The new acquisition also highlights a problem that has been looming in many industries. Unfortunately, technology companies have been focused on depending on technology that it is now estimated that many employees in industries such as banking, medicine, and law will lose their jobs to artificial intelligence, much like horse breeders lost their jobs to car manufacturers in the early 20th century, and went on to do womething else.

Amazon stock closed the latest trading session on Thursday at $75.93.

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