Walgreens Cutting 500 Corporate Jobs
Walgreens Boots Alliance Inc. said it will cut 504 employees from its corporate workforce as the drugstore chain moves more deeply into patient care, Bloomberg News reported Friday. Most of the layoffs will be from its Chicago office and headquarters in Deerfield, IL.
The cuts account for 10% of the corporate workforce, and none will be based at stores, microfulfillment centers or call centers, according to a Walgreens spokesman. “As we continue to transform our business into a consumer-centric healthcare company, we are focused on aligning our structure and streamlining our operations to best serve our patients and customers,” the spokesman told Bloomberg.
The company posted a significant first-quarter loss as it pays out $6.5 billion in settlements related to the nationwide opioid crisis. Although the real estate impact of the layoffs isn’t immediately clear, another Walgreens spokesperson told Bloomberg the company is committed to maintaining offices in Chicago and Deerfield.
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