SEATTLE/NEW YORK (June 27): When Amazon.com Inc.'s US$13.7 billion ($19 billion) bid to buy Whole Foods was announced, John Mackey, the grocer's chief executive officer, addressed employees, gushing about Amazon's technological innovation.
"We will be joining a company that’s visionary," Mackey said, according to a transcript of the meeting. "I think we’re gonna get a lot of those innovations in our stores. I think we’re gonna see a lot of technology. I think you’re gonna see Whole Foods Market evolve in leaps and bounds."
A major question about the acquisition is what Amazon's technology will mean for those Whole Foods' workers. Will it make their jobs obsolete?