In case of layoff there is a severance package but it is worse than what Walgreens the public company offered.
If Walgreens ever does bankruptcy, and you are laid off no severance will be offered. Not working there anymore so not sure do your own thing.
Look for something else if something better comes along jump
Try this search:
https://www.google.com/search?q=Sycamore+-walgreens+site:thelayoff.com
u'll see what they are doing to other companies
Just a quick reminder from the other Sycamore companies, they will announce a change to the severance policy just before, sometimes the day before a lay off session. It will get reduced each time until there is basically nothing other than the legal requirements. They will claim adjusting to market conditions or say it's what's typical for the type of business. Don't assume what the policy is now will be what you should expect if laid off, because it won't be, and will always be less or none.
@dh It is not. The policy was updated in June 2026 but still reflects 4 weeks for anyone less than 3 years of service and 2 weeks per year for anyone more. Plus Cobra for 3 months if you're at 5+ years and 6 months for 15+ years.
@bd is this accurate? Seems like a big change.
Up to 4 years of service nothing. Up to 15 years 2 months. Then capped at 4 months vs 32 weeks. Do your own math. It su-ks no cobra subsidy. So run away. Every quarter su-kamore will layoff people. Just less than 250 so u get no severance. Walgreens has a lot of debt more than when we were a public company.Rates are worse. So nankraptcy is possible
@ah Not yet!
Walgreens is not going bankrupt, stop already!
@OP how do you know it’s worse? What’s the package