I'm hearing too many rumors about it to just ignore it.
7 replies (most recent on top)
Makes sense…leadership (Sycamore) recently announced with great fanfare moving ~250 tech and corporate roles to India. In my 20+ years in corporate America this works only to reduce costs…output is inconsistent, there’s definitely a language barrier, and the (over) formality with which they do everything means it takes a week of formal conference calls to solve the simplest thing.
@se Since private equity relies heavily on floating rate debt to purchase ailing companies such as Walgreens, how will the recent rise in the Fed rate affect how Sycamore squeezes expenses in oder to reward investors?
After the Sycamore buyout, Redditors report Walgreens has implemented significant cost-cutting measures, including severe hour cuts, reduced employee benefits, and increased scrutiny on internal theft. Many current and former employees express concerns about deteriorating working conditions and the company's future direction.
Everyone just complains and complains but they still continue working there! I don't get it!
Look at staples they layoff in October November not to pay bonuses. Get out while you can
When holiday season is over, sh-t is very likely to hit the fan! I would get out now while everyone is hiring for Christmas!
Did you expect anything less? Doesn't matter no one will leave unless they are forced out. How sad.