Retail News

Walgreens cuts HQ positions as ground shifts under Rx business

Chicago Tribune 10/28/2019

Although Walgreens’ management has not gone into specifics, the retail chain laid off about 100 workers at its Deefield, IL headquarters last week, according to a Chicago Tribune source. The company is also reportedly eliminating its bonuses this year as it ratchets up its cost-cutting objective to $1.8 billion annually. In a conference call yesterday, the company alluded to “additional restructuring” in its retail pharmacy international and pharmaceutical wholesale divisions, as well.

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