Walgreens is once again laying off corporate employees and juggling its executive roster as the retail pharmacy chain continues to look for ways to cut costs following poor financial performance this year.
Walgreens is eliminating 267 roles, or about 5% of its corporate workforce, a spokesperson confirmed to sister publication Healthcare Dive. The reductions — none of which will affect Walgreens’ stores — are the chain’s second round of layoffs since this spring.
In addition, Chief Medical Officer Kevin Ban is leaving Walgreens effective immediately after three years at the chain. Ban is the latest executive to be caught up in Walgreens’ C-suite overhaul, after the departure of its CEO, CFO and CIO this year.Retail Dive