Walgreens Boots Alliance (Deerfield, Ill.) is cutting its corporate workforce by 10 percent, or just over 500 workers, Retail Dive reports. The reduction comes as the company increases its emphasis on its healthcare business.
A Walgreens spokesperson told RD the layoffs don’t involve the company’s stores, micro-fulfillment centers or call centers.
“As we continue to transform our business into a consumer-centric healthcare company, we are focused on aligning our structure and streamlining our operations to best serve our patients and customers,” the spokesperson told RD sister publication Healthcare Dive.
Walgreens most recently reported a $3 billion net loss for the first six months of its fiscal 2023 compared with net earnings of $4.5 billion in the same period a year earlier. The chain said the decline was mainly due to a $5.4 billion after-tax charge for opioid claims and litigation.
Walgreens Boots Alliance is an integrated healthcare, pharmacy and retailer with about 13,000 locations across the U.S., Europe and Latin America.
