
"Pharmacy Giant Walgreens Scraps Corporate Bonuses Amid Growing Challenges"
Walgreens, facing financial pressures and labor issues, has announced the cancellation of corporate bonuses for its staff and significant reductions in bonuses for store and pharmacy managers. The decision comes as the company deals with disappointing earnings and ongoing walkouts by pharmacy staff demanding improved working conditions. Walgreens' fiscal problems include mounting debt, budget cuts, theft, leadership turnover, and understaffing. The cancellation of bonuses is unrelated to labor matters, according to the company. The move follows a credit rating downgrade and a decline in Walgreens' stock price. CVS, another major drugstore chain, is also facing worker unrest and a decline in its stock price.



