Yep, out of the blue all contractors at Walgreens corporate office were laid off with one day notice. Rumors are more layoffs coming.
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They put everyone on a "30-day hiatus" to review positions and business needs, and after almost 60 days, finally updated everyone saying their jobs have been eliminated as of 3/31 on 04/04. The hiatus started February 6th and we had one day's notice. This was a terrible way to handle this.
Is it only IT layoffs, how about other depts?
Real-estate, Finance, etc?
Remember this quote? " Its the economy stupid". Yes, management deserves some blame...but not all. Food, energy, medical insurance etc is ki-ling people. Keep spending "uncle Same"...keep printing money
This happens every few years. The last time was during 2020 during the early part of COVID, but it was a pretty short furlough. It'll go back to normal probably at the end of the month, but who really knows to be honest.
No fte was laid off, just consultants that bill time and Material. Consultants in Run were exempted.
Your husband was a FTE? Or a contractor? When you say employees are getting month long furlough, I’m guessing you mean FTE only?
My husband is one of those contractors that was laid off & from the sounds of it it is due to financial crisis. The employees are getting a month long paid furlough though. (Software/Development team)
I am one of them, yes most of the contractors and FTE got laid off.
yeah, im speculating if they laid off contractors since contractors tend to be paid more than fte's (no idea if thats the case in walgreens alone though) and might start hiring some ftes to make up the difference. Or they want to double down on bad management decisions and start culling fte's as well.
Bad management decisions.
Layoffs for FTEs?
They'd also like us all to keep quiet and not share this information on social media while the company is under pressure on Wall Street 🙄
why were they all laid off? Bad earnings/returns for the quarter or something else?