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Stock impact report

Walgreens embarks on another round of layoffs [Yahoo! Finance]

CVS Health Corporation (CVS) 
Last cvs health corporation earnings: 2/12 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.cvshealth.com
Company Research Source: Yahoo! Finance
Walgreens spokesman Fraser Engerman said the company is not disclosing the number of people it's laying off. Most of the positions are Chicago-based, he said in a statement. “To ensure we are operating as efficiently as possible, and to deliver on our plan to reduce costs, we have identified areas in our Corporate Support Center where we can reduce complexity and consolidate work, resulting in the elimination of some positions,” he said in the statement. “We value the contributions of impacted team members and will fully support them through this difficult time.” He said the layoffs will not affect stores. The Deerfield-based company has been cutting jobs every few months over the last year. In May of last year, Walgreens said it was eliminating 504 corporate jobs, representing about 10% of its corporate workforce at the time. Then, in July, Walgreens said it planned to cut 393 jobs at a southern Illinois distribution center. This January, Walgreens said it was eliminating 145 Show less Read more
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