Pharmacy giant Walgreens is cutting 10% off its corporate workforce in Chicago.
Walgreen Boots Alliance has announced it will cut 504 jobs, approximately 10% of its workforce, from locations in Illinois.
The layoffs won't affect stores or call centers; they will be from its corporate workforce at its Deerfield headquarters or Chicago office.
“None of these roles are based at our stores, microfulfillment centers or call centers. We’re grateful for the many contributions by the team members who will be leaving our organization, and are committed to supporting them as much as possible during this transition." Walgreens Spokesman Marty Maloney
Walgreens reported a $3 billion net loss for the first six months of its fiscal 2023. This was a considerable decrease compared to last year's period when it had net earnings of $4.5 billion.
According to the Chicago Sun Times, Walgreens CEO Rosalind Brewer advised employees that the layoffs are among a series of steps the company takes “to drive sustainable cost savings to help fuel investments for future growth.”
"While difficult, these changes are necessary to streamline our business, unlock value and support our long-term growth. Together, we will continue driving toward our vision to be the leading partner in reimagining local healthcare and wellbeing for all." Walgreens CEO Rosalind Brewer
Walgreens has advised that laid-off workers will get support, and the company is committed to keeping offices in Chicago and Deerfield.
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