Thread regarding Walgreens layoffs

The retention amount is so small I doubt it would stop someone from taking another job somewhere else. I agree it's a s@%@ty way to treat people but hopefully it show everyone exactly how the upper management thinks of them. They won't give you a special assignment so that you stay on the books to reach the 8/31/25 date like the top executives that have been "let go" so they didn't lose their stock.

Anyone not accepting this? I think the T&Cs are deplorable.

@7tcg+1vtjTuIP

Lol Tim.

I think you people are paid quite well for a company that is crashing and losing money left and right.

@2abk+1vtjTuIP do you know what advice legal counsel has been giving? The T&Cs are incredibly absurd especially as bonuses are going to be taxed to death anyways. I don't see the advantage of taking the offer.

Take the money. There are already current employees talking to legal counsel. There will be a big story in the not to distant future. There’s no way Walgreens survives the fallout and they’ll have to amend it. Another short sighted decision. I, personally, can’t wait.

I think the company is just being cheap.
What they're really doing is nothing at all impactful. Sign the agreement and move on.
The one caveat is that it'll pave the way for 5 days in office, as they're reopening the other part of 200 building. (you don't make that capital expenditure without a followup move). Leadership continues to play checkers of stagnation until the final moves will have us all jumped over and finally lose the game.

Take it for what it really is. a one time loan - they're fronting you the cash - and at a later time - they "may" ask for it back.

If you've gotten some Banked PTO from back yester-years - you haven't seen that Paid out PTO yet right? So no biggie.

If you get laid off - presumably- its a reduced severance.

Because if they really enforce the required 3 days in office (with this tiny carrot or rather an IOU of a carrot) - then would you stay or go anyway? People will make their decision whether the hassle is worth it.

If you leave on your own - you've already been "paid" with this early payout. But hey - make sure you get a signing bonus at the next place to keep you "whole".

Assuming you could pay office their invoice w/ Credit card - you go ahead and open a new credit card and get a spending bonus for it.

This is terrible advice.

I think that they decided to hold a partial accrual for some of the bonus last year knowing more layoffs are coming. They will pay us in Dec with prior year funding and when they cut us it won’t make severance or PTO payouts look so bad. They will actually reduce costs from cutting headcount quicker

66% chance of getting money is too high. Walgreens will find reasons for us to not keep the money. Look at the fine print. If you do not make it to the office 3 days in ANY given week, they can demand the money back. Do not expect anything better from this company.

The way I see it is there's a

33% chance you quit / get laid off, pay it back, and have a mess of taxes to fix next year.
66% chance get money, nothing happens.

@1dxr+1vtjTuIP Why would anyone copy the same bullsh-t post from another thread (Support Center Layoffs). Is that seriously the best you could do? Copy and paste the same post? Too many excuses... But to name a few. The job market is absolute sh-t currently. Jumping ship is much easier said than done right now. There are thousands that are unemployed right now due to layoffs. Supply far outweighs demand in this market. No one is staying because they don't know any better.

Why would any off you work at walgreens....let alone stay at walgreens. Is walgreens the best you can do seriously? Others pay so much more, or maybe there is a reason you stay. Too many excuses.

So, anyone who accepts the payout will be first on the block for the next round of layoffs. They have extra incentive to let you go. Not only are they cutting your position, but you get to pay them for the privilege.

I've only been at Walgreens for a little over a year. Never seen anything like this.

You also have to pay back the "special one-time incentive" if you are laid off - not just fired. Absolutely ridiculous!