The main takeaway is when every C-level role is now filled by 3rd or 4th string bench warmers… game over.
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Yes! Huge amount of benefits for sure. I agree.
Did not know about store office at all. Even better.
I would love to work from store office near my house. It is good for Walgreens because they don’t need the expensive head quarter. We can also get talent from any city then. Also get knowledge on store knowledge. Be very agile. Imagine pharmacist being able to talk to a developer on bugs. See live bugs. Huge amount of benefits.
Offices in the breakrooms? There is plenty of room in the office. We used to have a bookkeeper, an assistant manager (in every store), and many others. The store manager offices have room!
My thoughts are why would you stay with a sinking titanic company that sells off to vultures. Then keep asking are they laying off more, or when do you think they are. The company is an embarrassment at least admit it. Oh I see many always say it's a paycheck, or i am going to retire soon, or have you looked at the job market-it's not easy to find something. Then get mad at the ones that say it the way it is. Tough way to live don't you think, maybe not I guess for some. Sad.
1% Strategy - Reduce costs and keep revenues same.
99% Execution
- Layoff people with high salaries.
- Reduce management positions at support center
- Close extra offices like OPO and Seattle
- Decrease DMs
- Offshore work
- Close non-performing stores
- Open stores in areas where you can expect more profits
- Take store employee holiday pay away
- Replace coffee packets with generic or cheaper versions
- Close Texas distribution center
- Continue no raises
- Make the work location inconvenient so employees quit. Do same few times. Give remote to people they want to keep or rely on offshore i.e. business critical so they don’t quit amid all the work location shakeups.
- Let managers and senior managers go if they can’t contribute or wait until new leader (director) settles in i.e. Flatten the org.
- Then hire new lower salary managers and replace those intermediate directors that replaced managers and senior managers
May be
- Decrease benefits
- Change severance policy
- Scare the employees so they work like dogs
- Sell head quarters and find a office location in less expensive area or even put two desks/cubicles in each walgreen store’s lunch room (free).
That one sentence had it all. Learn to decrypt it. Think like a leader.
They need to throw old the garbage away. Replace it with the new systems. Form teams with the leaders that can lead.
BAU team should be separate and should not know that there is another set of teams working on replacing BAU systems.
1% Strategy and 99% Execution
All of these town halls are pointless.
@OP The 7 Takeaways seemed pretty textbook. Meh. Vague. No numbers. Walgreens brand is so tarnished it'll take years, if ever, to restore. The point about improving technology, again vague, has been said before yet nothing improves. Our systems are unreliable and outdated to the point of laughable and a real solution will be expensive. Private equity is in the business of cutting to the bone to improve the bottom line and dress the company up for sale. Other then some more band-fixes, it's doubtful much will happen in technology. Hopefully, I'm wrong. Whatever Sycamore's actual plans are, I don't see much improving for the majority of Walgreens team members.
They did not post the full video of the meeting.