Thread regarding Walgreens layoffs

They now are saying they don't know what the future is for walgreens on cnbc

"Significantly lower demand for COVID-related services, a more cautious and value-driven consumer, and a recently weaker respiratory season created margin pressures in the quarter," said CEO Rosalind Brewer.

"Our revised guidance takes an appropriately cautious forward view in light of consumer spending uncertainty, while still demonstrating clear drivers of a return to operating growth next fiscal year," she added. "We are raising our cost savings program target to $4.1 billion and taking immediate actions to optimize profitability for our U.S. Healthcare segment."
Walgreens Sits at a Crossroads as Its Reduced Profit Outlook Disappoints

Walgreens Stock Slides After Q3 Earnings Miss, Sharply Lower 2023 Profit Forecast

ENOUGH IS ENOUGH yet?

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| 2041 views | | 8 replies (last July 10, 2023) | Reply
Post ID: @OP+1nkYr2oo

8 replies (most recent on top)

Waste of money! This woman is clueless! She has been since her days at Walmart.

Rosalind G. Brewer
Chief Executive Officer
Total Compensation
$17,287,489
View details
Pay Rank By Title In Internet industry
#6
View more

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Post ID: @dljd+1nkYr2oo

Don't agree with every decision Roz Brewer has made but from Greg Wasson's reign to the present, corporate has failed to give its rank-and-file the resources required to serve our customers properly. Wringing every ounce of production out of "team members" through intimidation and unrealistic micro-management while piling on even more tasks has been corporate's go to solution to save cost for many years now. Covid vaccines gave Walgreens a shot in the arm, so to speak, and profits were boosted accordingly. Without Covid, our overly compensated c-suite will have think of new ways to make money.

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Post ID: @czat+1nkYr2oo

Walgreens cuts employees hours, wants them to do truck, cashier, push credit cards, ask for donations, fill curbside orders, restock the ones not picked up, do photo, help customers.. All this with a member of management or key holder, and cashier. Don't allow us to order what we need so customers go elsewhere. Why do we have the highest paid useless CEO?

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Post ID: @clxw+1nkYr2oo

If I'm not mistaken, Walgreens sold off two thirds of the Deerfield property. They may have opened up some space when they fired those 500 plus "team members" though. Not sure If saving on some rent will affect the overall financial picture for the company though.

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Post ID: @apwy+1nkYr2oo

They cant just leave the post office. They have a lease. They own Deerfield. Might as well sell Deerfield and continue leasing the OPO. Even though there isnt rent at Deerfield, the upkeep is multiples higher than the rent plus maintenance at OPO. Also have more flexibility.

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Post ID: @aams+1nkYr2oo

Time to rethink the post office location. With all of the employees they laid off before and since, and more people continuing to work from home, they can close the downtown location and pull people back to Deerfield. Worth looking into as it might save them millions.

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Post ID: @7pvx+1nkYr2oo

Looking like they are moving away from a retail pharmacy and moving towards a medical facility with a small pharmacy right next door.

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Post ID: @7dsm+1nkYr2oo

Walgreens stock tumbles toward a 12-year low, cuts 22 points off the Dow’s price.

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Post ID: @lug+1nkYr2oo

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