Changing MGR review to 100% multiplier BUT still staying 25% payout based on individual multiplier. The jokes wrote themselves.
Love the additional info where managers can't quit on Sept 1 beginning of fiscal and and still collect bonus in November.
This proves they KNOW everyone hates this job and this company so they change the rules to force management to stay longer.
The person running the field was fired from his last job......all Sycamore cares about is themselves, if you're not from Canada good luck, your RVP most likely has no clue what they are doing and your DPS was most likely an underperforming RXM, your DM was most likely the DPR's favorite, there is a 50/50 chance they may actually be good and the DPRs no longer care because most of them got a 100K+ payout, AND the stores still have no budget. We don't close pharmacies even though the staffing situation has not changed, and we'll be fired if we have wax build up on our floors because suddenly the cr-ppy cheap vendors that Walgreens hired to clean our floors is now our personal problem, I did make sure to approve my work orders though.......Are we winning yet?
Reeks of JL and JH. Same playbook used by Sycamore at Staples.
These people are awful. They make massive bonuses based on your misery. JL in particular is a horrible person. He has stated multiple times he doesn’t need the money so this must be for sport or genuine hatred of hard working Americans. JL, just leave and go back to whatever hole you emerged from. WE ALL HATE YOU!
Sycamore needs to be put down too. SK, friends of mine in government tell me your days of pillaging are limited. Enjoy it while you can. Do you like orange jumpsuits?
All the good MGRs leaving, stores are crumbling under the new budgets and horrid culture.
This September and October will be an absolute collapse and Sycamore knows it.
That's why they changed the bonus now.
BUT
here's their scam:
They can change it to whatever they want "based on distribution and leadership approval"
Translation --you don't get what you earned unless they say so (they can still sc--w you with no guarantee after the year is over and you made them top profits)
Must be employed through Nov 15
Translation --Sycamore knows this October is a collapsible nightmare scenario with rx vax season ramp up combining with FE holiday customer plan (Rx open holidays/budgets dropping, disgruntled staff, so many headwinds). There's nobody to catch the fall once the good MGRs are gone with the level of disengaged and talentless remaining management + empty talent pipelines.
Bonus payout still determined by behaviors
Translation --Sycamore pretends that it's all business and EBITDA but the DM can rate you low and sc--w you again after you made the EBITDA goal
HEY SYCAMORE
QUIT PLAYING GAMES, YOU HAVE NOBODY ONCE WE'RE GONE
#1 Bonus ONLY based on EBITDA. No DM words and feelings evaluation to reduce what we earned. If we make you money then we get GUARANTEED money.
#2 Private equity can move faster and make timely decisions right? The EBITDA will be in your bank account Sept 1 for FY26, then it needs to be in our account by September 15th. Hold your accountants to the same level of ACCOUNTABILITY that we are at the store level and have it ready by then.
#3
You want to guarantee the managers won't run for the exits before your pivotable and very vulnerable October/November season? Then offer RSU cash through the Fidelity accounts redeemable in January. Get creative, make it an advance on fy27 bonus.
You have nothing else to offer.
Pay or suffer
Subject to leadership approval if distributions are not met can be changed
Sycamore is professional scammers
50% company multiplier for not meeting
100% individual EBITDA meets
125% exceeds
Not a store manager. Just a lowly call-center drone and I have only a vague idea of what a multiplier is or how it works but hating one's job at Walgreens is something a great number of employees share and it's doubtful that Sycamore cares in the slightest.
You all stayed this long on the sinking ship that sold out to vultures, why would you even worry about quitting or worry about how long you need to stay to get extra money when you will never leave anyways. Why waste your energy on it.