Tuesday, October 29, 2019

Walgreens lays off employees at Deerfield HQ, scraps annual bonuses and boosts cost-cutting goal to $1.8 billion

The Chicago Tribune
Walgreens laid off employees at its Deerfield headquarters last week and won’t pay annual bonuses this year as it works to increase its cost-cutting goal to $1.8 billion annually.

The actions come as Walgreens, which has 18,750 stores worldwide, grapples with changes including how consumers use pharmacies.

Walgreens also previously announced plans to close 200 of its stores, starting this fall.. . . more