Pharmacy chain Walgreens Boots Alliance to chop company jobs by 10%

May 26, 2023 | blog

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People make their approach close to a Walgreens pharmacy on March 09, 2023 in New York City. 
Leonardo Munoz | Corbis News | Getty Images

Walgreens Boots Alliance Inc stated on Friday it could slash its company employees by about 10%, because it streamlines operations and focuses on consumer-facing health-care companies.

None of the 504 roles being minimize are based mostly at its shops, micro-fulfillment shops or name facilities, an organization spokesperson instructed Reuters.

Walgreens, one of many largest U.S. pharmacies, has been trying to develop past its core enterprise, with acquisitions of health-care companies operator VillageMD and urgent-care supplier Summit Health.

The firm, which misplaced market share to its rivals after closing a number of shops through the pandemic, is aiming to regain it by the tip of fiscal yr 2023 by decreasing pay hole and rising automation at success facilities.

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