Thread regarding Walgreens layoffs

Collapsing quickly

Pharmacy Managers, Pharmacists, quality MGRs, and skilled techs, all accelerating their path OUT.

Requisitions sit empty and the few qualified candidates are backing out of offers.

Sycamore has officially crossed the point of no return. They had their chance to target their highest rated people and offer retention money, but no, they'd rather give it to somebody new.

Increasing salary ranges and sign on bonuses aren't enough anymore to save this catastrophic experiment of private equity and pharmacy.

The damage has been done with the cuts and lost trust.

This fall through holiday season will be the a horror show and Sycamore knows it.

The examples?

Sudden ramp up hours after months of historic cuts to techs and staff (too late, they already quit and left to get more consistent jobs).

Change in bonus policy. Now bonus eligible positions need to stay employed until November payout to receive compensation. Several months passed the end of the fiscal year. (The legality of this is being reviewed)


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| 1 view | | 5 replies (last 1 day ago) | Reply
Post ID: @OP+1ktt6qdyv

5 replies (most recent on top)

I just quit Walgreens after being a store manager for many years. The pay no longer equated to the stress of the amount of tasks that Sycamore created!

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Post ID: @vb+1ktt6qdyv

It's easier to find anew job while you have one! Don't wait around expecting things to get better. Walgreens is owed by a private equity company. That should be enough early warning!

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Post ID: @hr+1ktt6qdyv

Its an analog company trying to survive in a digital and AI world. Form cash registers to filling prescriptions and shots. All stores are in cr-ppy conditions. Long lines in pharmacy and nobody on the sales floor with 1 or 2 cashiers. Everything about this company screams old and outdated.

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Post ID: @f5+1ktt6qdyv

Regions are literally falling apart …… the pressure is too much …. Nothing is sustainable…. This is crazy ….

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Post ID: @f1+1ktt6qdyv

True. Walgreens is a trainwreck but has been for quite a while now. Sycamore may not be too concerned regarding the company's future as their ultimate objective may be to dump the enormous debt on what's left of Walgreens and part it out for scrap.

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Post ID: @db+1ktt6qdyv

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