Is the AI hype just a bubble, or is it a legitimate threat to our jobs? Curious to hear if you think it’s just a proof of concept or if we should actually be worried about workforce disruption.
Now that Admin leave is over, has anyone received their severance + unused PTO?
I would like to know how soon to expect what we are owed.
Toxic boss
Toxic boss believes no one can look good besides the toxic boss.
This company is headed for the trash heaps of history...
Mandatory distribution of performance reviews will always lead to cutting those with institutional knowledge. As one moves up, the number of people you are distributed against becomes smaller and smaller. At some point, you are no longer talking... — read more
Last Week for February Layoff People
How did we all do with the job search? I was blessed to be able to snag a job pretty quickly. To the people who are left behind: you will NEVER have less work than you do right now, but you'll probably have more eventually. Private equity isn't going... — read more
Policy on working a 2nd job
Its not clear to me on walgreens tolerance on people working a second job in parrelel. Also is any one doing it? Personally would rather have a back up in case I get fired 💀
May layoffs? Round two?
May layoffs? Round two? Does anyone smell may layoffs prior to desk movement in June? Are there new onshore/offshore people joining your team?
Manager and team member shuffling
many people at walgreens have become too comfortable with their managers or other team members. They have informal agreements and they don’t bother each other. walgreens employees who go somewhere else are become a very good contributors because they... — read more
This article does start to hint at the future plans.
Stefano Pessina vows to rebuild ‘all the value’ lost at his Boots empire https://share.google/tVf43dzmGFX0ayEog Private equity is indeed ruthless, and Mr. SP won't go away.
Sycamore plans to double Walgreens profits.
Unfortunately the news article is paywalled. But how exactly do they plan to double profits? More cutbacks?? Is this the part where private equity starts doing what they do best, cut everything down to nothing to maximize profits?? Here is the... — read more
Oil crisis, WFH should be considered
Oil crisis, WFH should be considered $200 a barrel if we don’t act fast and use up our reserves which may be needed for war.
Sycamore tricks continue
Great town hall, love the continued ask to do more without any mutual benefit. No real numbers, just colors and words No guarantees to top level performers for bonus or compensation What would intelligent leadership look like? Go into the... — read more
Any update on GCC?
Any update on GCC? Total capacity? Type of roles in GCC? Timeline?
What's it gonna be Sycamore?
You want MORE certified experienced store managers to quit and leave because you're not giving them real transparency into bonus and compensation while expecting more results and giving them less resources? What does the talent pipeline look like... — read more
Store Manager Severance
Voluntary/targeted severance. The old guard is ready to leave and just cashing checks at this point. MGRs are disengaged over the ridiculous demands, broken equipment, increased micromanaging, and 25% individual store bonus multiplier...getting... — read more
What’s the actual point of Walgreens keeping its online retail business alive?
If an entire online retail sector is bleeding money and racking up consistent losses, why are we still pouring resources into it? Why can’t we let those employees go or redeploy that talent pool into areas where we actually make money? Our prices are... — read more
To Control gas prices & save the our reserves, Should WFH allowed until war ends?
To Control gas prices & save the our reserves, Should WFH allowed until war ends?
Walgreens layoffs confirm concerns after private equity buyout
https://pestakeholder.org/media_coverage/walgreens-layoffs-confirm-concerns-after-private-equity-buyout/
Insomnia?
Insomnia?
Any suggestions on making company better?
Any suggestions on making company better?
Never been happier
I left the micromanaging gaslighter at Walgreens who policed my face and now I make more money and sleep better.
Do you think leadership actually wants to keep this place running?
I've never seen or heard of a private equity takeover that didn't gut the company. Always ends in disaster. Unless you're a cash cow with zero effort, which we're definitely not.
Run don't walk...
Walgreens is doomed. A company that is firing so many people, and then giving artificial titles to try and keep others on board is a huge red flag. There is no future at WAG. The leadership team is a shell of talent, most 2nd or 3rd choices as the... — read more
What is working for CVS?
After CVS went inside the Target stores, they closed their standalone CVS stores near by. Here is why they did that. Being inside Target, they did not have to worry about retailing greeting cards every two miles. Business of selling toilet paper... — read more
Move on with out fear
I just quit Walgreens after 25 years because we all know what is going to happen to this company , but I just want to tell you all do not fear is ok to reinvent your self. now I have a small business of my own and I fine I have more time with my... — read more
Why do you stay at Walgreens?
1. Do you feel like there aren’t better opportunities out there for you? 2. Are you actively looking but still job hunting? 3. Are you just going with the flow and not really thinking about it? 4. Or do you have hope that the company will turn... — read more
Will GCC be up and running in 1 month?
Will GCC be up and running in 1 month? And then what?
Corporate Workforce Size — 2026 Estimate?
I read that the corporate workforce was around 6,500, which felt surprisingly low for Walgreens. That figure was from 2021. What do you think the corporate headcount is now? Above or below 5,000? That still seems incredibly low to me.
Staying on high alert, no matter what
Assume the worst, regardless of what you're told. Layoffs might be over, but don't act like it. This is my second takeover. The first was a nightmare, for me and the company. I'm lining up options and staying ready. Things can go sideways in an... — read more
How many incompetent managers lost their jobs?
We have more than enough of those, and yet it doesn't seem any were affected by these layoffs.
Culture Shift
Watching leaders get promoted while experienced teams are laid off is hard enough. Being spoken to with profanity by senior leadership during this time is unacceptable. The tone suggested a level of comfort—and untouchability—that should concern... — read more
Where do you commute from and how long does it take?
Where do you commute from and how long does it take? Just trying to get idea of how many people are suffering from a bad commute. Reply with information so we can make a case for shuttles, small offices etc.
Did anyone actually think through these layoffs?
The cuts around me were completely senseless. They kept some redundant positions, yet laid off people who seemed indispensable, either because of what they brought or the role they filled.
Ap?
How many of these jokers got cut by state?
Walgreens Accelerates Restructuring as Sycamore Partners Intensifies Store Closures and Corporate Layoffs
In a move that underscores the continued volatility of the American retail pharmacy landscape, the newly private Walgreens Boots Alliance has announced a significant expansion of its workforce reductions and a finalized timeline for its massive store... — read more
Priv Equity takeover ruins everything and always eliminates jobs
Just venting. I know I will change nothing. I know they do not care but there you have it. This $$$ concept is a cancer.
Do Managers and Senior Managers have to contribute now?
As part of flattening the organization, Managers and Senior Managers don’t have duties of people management. Directors are having them now. And thus they are now strictly technical. Do Managers and Senior Managers have to contribute now? In other... — read more
Sycamore Partners Working Hard
Oh, well... Walgreens is laying off 469 employees across multiple states following its acquisition by Sycamore Partners, adding to prior job cuts and store closures. Since the buyout closed last August, Walgreens has reduced its footprint from... — read more