Synergies from Walgreens Boots Alliance merger results in 370 corporate job cuts

CHICAGO - In the coming week as many as 270 Chicago-area Walgreens Boots Alliance executives will be let go as part of 370 corporate jobs that are being eliminated nationwide. The other approximately 100 positions are scattered across smaller offices in nearly 20 states.

 

"We are realigning our business and reorganizing our corporate structure as we adapt to the fast changing health care and retail market," Walgreens spokesman Michael Polzin released in a statement. "These corporate support office changes will allow us to reduce management layers, phase out certain functions and consolidate similar job functions within the company."

 

The information technology department will be the hardest hit as it undergoes "a significant restructuring to better match resources with priorities," Polzin said. 

 

The cuts are part of Walgreens' ongoing restructuring and cost reduction plan announced a year ago, Polzin said. "Impacted employees will be notified throughout the rest of the month. All of the affected employees will be provided or offered severance packages, and will be given 60 days’ notice," he added.