Walgreens stock plunges after dr-gstore chain slashes quarterly dividend nearly in half. It also marks the company’s first dividend cut in nearly five decades
CVS is just the same
I was going to apply and then I checked their page on here and what I found is that they have pretty much all the same issues that we have. I don't have any other choice where I live, so that means I'm kind of screwed or I have to add at least 90... — read more
Tim’s No. 1 focus?!
I was hoping it would be making money in order to not layoff more employees. But at least Tim, Ginger, and Tracey can feel all warm and fuzzy inside with a higher ESQ score. They’ve already cut our raises and bonuses despite the COL going up, but we... — read more
2024 will be no better
If you're smart and have options, now's the time to leave. With our current management, things can only get worse, not better. I've been searching for a new job for just a few weeks and I found that there are plenty of opportunities available. I... — read more
All I Want for Christmas Is For Tracey B To Be Fired
I’ve never met such an incompetent and uninspiring executive.
Scrooge
Did they really have to send the return to the office email today of all days??? The 1/2 day before Christmas??? Nobody cares! We don’t want to go back! Everyone will be sitting there with noise canceling headphones. I hope people start leaving in... — read more
No Christmas this year…
I just broke the news to the kids over the weekend Santa won’t be coming to our house this year. What are you cutting this year with no bonus and no raise to make ends meet?
Hiring freeze
Does anyone know when the hiring freeze will get lifted at the support center?
How Pathetic
hen Walgreens abruptly ousted then-CEO Rosalind "Roz" Brewer a little over three months ago, she walked away with a golden parachute that allowed her to keep tens of millions in compensation for just 2½ years of work running the troubled pharmacy... — read more
Walgreens needs to return to its roots.....
Step 1: Let's admit it, the Boots Alliance Healthcare merger (reverse take-over) was a complete failure. Boots has done nothing to help Walgreens, in fact the stock has only suffered since they merged. Dump them, go back to being a national company... — read more
Please explain.....
How Tracey Brown still has a job at Walgreens. There can be no logical reason for keeping her....none. How unfair and inappropriate given all the talent Walgreens has released or chased away. The entire Board should be ashamed of themselves....and... — read more
170 layoffs Jan 8
It's on the WARN site.
Amazon
Walgreens is going to be sold off to Amazon. They will be closing many stores while keeping select stores as filling and shipping hubs to move to the online model while reducing overhead. A brilliant move by Amazon.
Sound the alarms
So the leadership continues to make extremely questionable decisions - the 200 building was in agreement to be sold. They have paid $10 MILLION to buy it back. The joke - the seller won’t give the parking included so we will be paying to lease the... — read more
Mr. new CEO, how has the stock done under your watch in your first month or so.....
86 USD▼ -1.63 (-7.54%) past month Give him time some will say. I say it's all the same. Stock down almost 8% ..impressive . This walgreens company is sinking faster and faster and faster and faster. SO many are finally leaving, and it's... — read more
EV's at Head office
Get this if you have an electric car you can plug in your car at head office and charge your car for FREE! that is right Free no one is paying for my gas, so why are we paying for their charge.
Tracey Brown
What has she actually accomplished at Walgreens?
Walgreens Paves Way To Revive Boots Sale With Pension Deal
"Dr-gstore and medical care giant Walgreens is preparing to pay $1.25 billion in order to discharge its responsibilities for U.K. pharmacy chain Boots’ pension scheme, according to a report in Britain by The Sunday Times." - Forbes Love the use of... — read more
Enter the next phase... more layoffs & quiet cutting
"Giving staff the sack is expensive...This is where “quiet cutting” comes in. This unofficial process is for companies to get workers out without firing them. Workers are intentionally made to feel uncomfortable and guided towards the door without... — read more
Return to the office update
Need to unpack this communication further. So let me get this straight it seemed the rumors were that the main corporate campus building 200 wilmot road was in contract to be sold. We moved out months ago and everything was turned off to prep for... — read more
Post with care
If you criticize TB, TLO takes it down. Noted.
ahhhhhhh
Walgreens to close ‘nearly all’ of its stores and pharmacies for Thanksgiving, for the first time in its history
BUH BYE HOLLY
Another one of Roz’s friends is out the door. Too bad she didn’t take Tracey B with her.
Walgreens’ billionaire chairman caught in ‘very awkward’ legal tussle as dr-gstore giant’s problems continue to pile up
Problems are piling up at Walgreens — not least among them a bizarre, $200 million legal tussle with one of the dr-gstore giant’s vendors that has become “very awkward” for the company’s 82-year-old chairman, The Post has learned. Billionaire... — read more
Coffee talk with Tim
Did anyone from the support office attend this mondays session or todays session at the OPO at 830am? Would like to know what was covered.
What about DEI?
Has anyone explained what the DEI target was for the prior fiscal year and how it was missed? 10% of bonus for corporate staff was to be based on DEI.
Profits over people
This organization continues to disappoint with how out of touch leadership is with reality. Today they must have spent a nice portion of salaries saved from the 267 people laid off last week on an unnecessary vendor summit with awards. The... — read more
How impressive, what a management
Walgreens Stock Is on Track for Its Lowest Close Since 1998
Last week WAG layoff on IL WARN site
IL WARN site https://www.illinoisworknet.com/LayoffRecovery/Pages/WARN%20Layoff%20Search.aspx WALGREEN CO. 940 S Frontage Rd Ste 1900 Woodridge, IL 60517 Scheduled Layoff 97 - WTF???? Where are 267 people who were let go last week from corporate?
Could someone explain....
Forgive me for my ignorance but what exactly is Mr. Wentworth's incentive for leaving a comfortable retirement to try and resurrect Walgreens. If I recall, there was a mention (maybe on Reddit?) of a $12,000,000 Walgreens stock package and a couple... — read more
December layoffs rumor?
There is a rumor going around that 1k people from the support center will be let go in December. Has anyone else heard this? Is there any truth to this? I’m not sure how much more I can take :(
What’s the year mark for when you start drinking the Walgreens kool aid?
Let me know so I can get out before then. I have not been with Walgreens for very long and I’m disturbed with how many employees seem to eat up the bullsh-t the execs are saying. Do the directors, managers, and vps not want more for themselves? It’s... — read more
$25 Wags Cash Rewards?! OH BOY!
Don't spend it all in one place, everyone! ...oh, wait... They cannot be serious with this. WTF.
Almost 21,000 Store Manager Job Postings
Just did a job search for Store Manager Postings on Walgreens Site. The fact there are this many postings shows you how much trouble this company really is in now. There simply aren’t enough candidates in this company to fill these positions. They... — read more
Told You So…
For those who scoffed or even scolded me- told you minimal to nothing was going to change. They allowed TB to lead a TH, but worse- to stick around until she got all of those RSUs. And it’s only going to get worse, not better. DISGUSTING. Have some... — read more
Company Sit Out 11/28?
I'm not motivated by Tracey to show up in person at the end of the month. These people are absolutely tone deaf, and I'm not willing to allow them to feel an ounce of satisfaction or success. Their lack luster management has morale at an all time... — read more
Tracey out of touch
She has a leader come on and speak about Mr. Walgreen giving up his pay for a year…then gets defensive about her pay and her $120k stock bonus…? Disgusting.
Basically, we still know nothing
Am I wrong?