SAN FRANCISCO (CBS SF) — Whole Foods Market Inc. will be cutting about 1,500 jobs over the next 2 months.

That’s more than 1.5% of the company’s workforce. It is not clear how many of those jobs eliminated are in the Bay Area.

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The company made the announcement on Monday.

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The cuts will affect mostly employees working in the stores.

Whole Foods says it hopes the layoffs will help reduce costs.

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The upscale organic grocer plans to launch a low-cost chain of stores. It is trying to shed the nickname, ‘Whole Paycheck,’ because of its reputation for high prices.