Walgreens has announced that it will cut at least 628 jobs across two states, according to communications it sent to the states in question earlier this month. A Walgreens spokesperson confirmed the layoffs with Fast Company when reached for comment. News of the layoffs was first reported by Bloomberg. The job cuts include 469 positions in the company's home state of Illinois and 159 jobs in Texas, where the company is shuttering a distribution center.
We take these matters seriously and are committed to providing a safe, clean environment for our customers and team members. We've acted immediately to address the concerns, enhancing our cleaning measures, increasing staffing to maintain standards, and are working closely with the Boston Board of Health,
Healthcare is a long-term industry. It's about long-term health. It's about maintaining people's health over decades. Private equity's business model just inherently is short-term based. They are looking to get a company, profit off of it, exit the company in whatever way that is, whether it be bankruptcy or IPO or selling it off to another private equity firm," said Matt Parr, communications director of the Private Equity Stakeholder Project, a nonprofit that has been tracking private equity moves.
Wentworth's remark about locking up items hurting sales sparked widespread criticism, demonstrating that even a veteran CEO might overlook fundamental retail dynamics.