Walgreens to slash corporate workforce by 10%.
TL;DR Summary
Walgreens Boots Alliance is laying off about 10% of its corporate employees, which represents 504 workers. The majority of the cuts will be at the company's Deerfield headquarters or its Chicago office. The layoffs are part of a series of steps the company is taking to drive sustainable cost savings to help fuel investments for future growth. Walgreens has denied that the layoffs are connected to the company's financial liabilities, including a $5.4 billion after-tax charge to cover opioid claims and litigation.
Topics:business#business#corporate-workforce#cost-saving-measures#financial-liabilities#layoffs#walgreens
- Walgreens cutting 10% of corporate workforce, including in Deerfield and Chicago Chicago Sun-Times
- Walgreens laying off corporate workers Crain's Chicago Business
- Pharmacy chain Walgreens Boots Alliance to cut corporate jobs by 10% CNBC
- Walgreens is eliminating 504 corporate jobs Chicago Tribune
- Walgreens to cut 10% of corporate workforce Daily Herald
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