What teams were impacted? How many people? I'm hearing lots in Pharmacy. It came as a surprise this time. No rumors around the office.
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@b3 I don’t think many people realize that they have historically given paid leave as severance, so they don’t have to report on WARN until the employee is actually separated following the leave .
@dx Always lots of rumors. Walgreens runs on fear.
ALOT of rumors today about a lot more coming and DM'S and SM'S too.
Lots of Jobs will go to GCC eventually, No doubt about that.
Walgreens has a 22.2% probability of facing bankruptcy within the next 24 months. This figure reflects the company's significant debt and ongoing financial difficulties.
Factors Contributing to Bankruptcy Risk
High Debt Levels
Walgreens is burdened with a substantial amount of debt, which raises concerns about its ability to maintain operations.
The recent acquisition by Sycamore Partners involved financing that was heavily debt-laden, increasing the risk of financial distress.
All corporate positions will now be shipped to India! It is much more cost effective to pay in Rupees vs. Dollars!
@ay also if they do it in small groups, WARN doesn’t apply
2 in pharmacy IT I know of one sr manager and one architect. But get used to it Walgreens will let go every year before bonuses. Su-kamore does not want to pay bonuses. Look at staples and see that. No matter how well the company does. They have a big debt load and they need to trim it. If they cannot get their money back they will bankrupt the company. Nothing imminent. But Amazon pharmacy and others are so much easier to deal with cheaper and digital.
@a5 what dept
@a5 Is this in Deerfield?
@a3 There were several in my dept. I'm hearing other areas too. No announcement. Just friends saying goodbye.
@OP Layoffs? Was there an announcement? It all sounded so good at yesterday's Town Hall dog and pony show.