Thread regarding Walgreens layoffs

Transformation steps

Goal: Decrease operating cost by reducing high salary people and not paying for hourly worker benefits as there are many store employees.

  1. Take away store employee holidays so the full timers quit. Huge savings on the benefits. Then only hire part timers to replace.

  2. Close OPO to make as many people quit as possible. So far under 100 but soon it will be up to 200. Could even go up to 300 within 3 months of OPO closer.

  3. Few months after closing OPO, Move head quarter to a cheaper area and cash 400 million for 4 buildings. Expect people who live nearby to quit. People moved to Chicago for a job and bought a home nearby to have balanced life style. Lot of people who work at a head quarter will quit if office moves far away. Near the farms where it is cheaper land or in middle by staples office on I355.

Leftover downtowners will quit if they are not by commuter train.

Total people who quit will be around 1000 at the end without any layoff or severance package. This guys know what they are doing.


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| 981 views | | 1 reply (February 5) | Reply
Post ID: @OP+1kf4201rj

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The holiday thing i agree with, walmart and cvs don't pay hourly workers holidays either. And it disincentivizes people who work on the holidays...i think last year all they got was myWalgreens cash as a consolation?

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Post ID: @31t+1kf4201rj

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