After taking walgreens private, sycamore apponted mike motz as ceo... motz previously ran staples us retail another sycamore-owned business.
that history is worth watching... sycamore bought staples in 2017. it later pursued a recapitalization that would add about $1B in debt while allowing sycamore to pull about $1B of its investment back out. genius...
Walgreens employees are now seeing some similar things... tighter costs. org changes. job cuts. more work moving overseas. heavy focus on opex.
some folks here on layoffs.com here have already started calling it Staples 2.0.
this does not mean walgreens will follow the same path as staples. but sycamore owns both companies. walgreens is now led by the former ceo of staples us retail...
the similarities make staples a useful case study for us who are trying to figure out what maybe coming next.