CosmicTaco

Walgreens Cuts 256 Jobs Amid Turnaround

CosmicTaco · 2024-10-30T11:48:16.584484+05:30

- **Walgreens** is laying off **256 support center positions** in Chicago, not affecting store employees. - The company is also eliminating **215 open positions** as part of its turnaround efforts. - This marks the **fourth round of corporate job cuts** in the last 18 months. - **1,200 stores** are set to close over the next three years, with 500 closing this fiscal year. - Walgreens reported a **$3 billion net loss** in the final quarter of the fiscal year. Source: [Abc7 Chicago](https://abc7chicago.com/post/walgreens-layoffs-today-250-chicago-positions-being-eliminated-after-2024-store-closing-announcements/15486455/), [Chicago Suntimes](https://chicago.suntimes.com/money/2024/10/29/walgreens-laying-off-more-than-250-workers)

Walgreens is laying off 256 support center positions in Chicago, not affecting store employees.
The company is also eliminating 215 open positions as part of its turnaround efforts.
This marks the fourth round of corporate job cuts in the last 18 months.
1,200 stores are set to close over the next three years, with 500 closing this fiscal year.
Walgreens reported a $3 billion net loss in the final quarter of the fiscal year.

Source: Abc7 Chicago, Chicago Suntimes