When Amazon.com Inc.'s $13.7 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?
To read the rest of the story, please go to: Bloomberg