business news in context, analysis with attitude

The Austin Business Journal reports that Whole Foods, concerned about the current economic climate and declining sales and profit numbers, is eliminating 49 of 650 headquarters jobs. The company did not provide details about what kinds of positions are being cut.

In addition to having a tough time on the sales front, Whole Foods also has been dealing with the repercussions of a recall of much of its ground beef, which was feared to be contaminated with E. coli. And, a year after it acquired Wild Oats, Whole Foods continues to grapple with Federal Trade Commission (FTC) opposition to that deal.

KC's View: