“While Party City previously pulled itself out of bankruptcy the first time around, its continued failure was likely inevitable. A downswing in demand for party products has continued to put pressure on the business. \ SO WHAT does the new private... — read more
Lull before the storm
It's been two weeks since the acquisition, and while things have been running smoothly, no major announcements have been made to employees. I sense a calm before the storm and am preparing for what's to come.
Hiring freeze
Welp seems like we're in for a reorg soon. Heard from multiple people the roles they were hiring for got frozen.
New Leadership but same BS
For anyone thinking the change to Sycamore is going to lead us to better things anytime you need to be ready. They’re preparing to walk the new CEO through the budget for this year but aren’t letting anyone with actual insights into the room. He’s... — read more
I trust the lot that’s coming in even less than the previous leadership
I’ve been with Walgreens for a long time and through the worst times. I somehow survived all the cuts, reorganizations, and upheavals. But right now, I’m on higher alert than ever and have started preparing for a possible exit. I’m not in the most... — read more
Better opportunities
Hi All- I’m sorry you are going through this. I worked for Walgreens for a long time and then was laid off when my family was going through unimaginable loss and grief. I promise you there are better opportunities and companies out there. Please... — read more
This deal is making me even more worried
I’ve been anxious about the future of this company ever since it clearly started its downward spiral. On the surface, this deal may look like a resolution, but to me it feels more like a continuation of the agony. More uncertainty, more stress, more... — read more
Lots of rumors about a new CIO
Can anyone confirm who it might be?
Please Tell Me Tracey is Gone
Can someone PLEASE confirm if Tracey was let go? I'm trying to find just one piece of good news related to Walgreens these days.
Why is everybody so worried?
Let’s be honest, how much worse can it get than it already is? I don’t know about you, but for me, it can’t. Things can only improve from here. I’m willing to give this a chance before deciding the world is ending or whatever else.
Be prepared......
Not everyone is excited about the deal. The Private Equity Stakeholder Project, which bills itself as a watchdog organization rooting out the impacts of private investment, said in March it was “very wary” of the deal, noting several of Sycamore’s... — read more
Sycamore Partners closes Walgreens acquisition, splits retailer into 5 companies
What a sellout, how sad.
Nice job in ruining what was once a well respected company and selling out to VULTURES..
The recent CEO and Board are a bunch of cowards plain and simple. Total lip service and many even bought that lip service. Look what has happened. Beyond a sad day for many people. They say the only constant things in life is change and paying... — read more
You have no idea how bad things are about to get
You think you’re working with a skeleton crew right now? Think again. They will cut everything beyond the bare bones and still try to cut more. There will be closures, position eliminations, layoffs, and everything you can imagine to minimize... — read more
Today’s Townhall - A Dank Review In Full
Low Point: Being told to stress how amazing Walgreens Cash is and to turn ourselves into a marketing mouthpiece if/when asked by family&friends how the latest shift in Walgreens is panning out for us all. Ew. Concept of an executive chairman also... — read more
Interesting little tidbit getting lost in the news
Not just a new CEO, but Sycamore also named a new EXECUTIVE chairman John L. For those unaware an executive chairman has more power and authority than a regular chairman of the board. Executive chairman has a lot more say over day to day operations... — read more
Good riddance. Now what?
Can’t say I’m sad to see some of the leadership finally gone. They steered Walgreens into the ground. But with the shift to private ownership, I’m more worried than relieved. Private equity doesn’t usually mean stability, and I can’t shake the... — read more
The Bloodbath Begins
All these executives are getting golden parachutes but they gone
Sycamore Will Want You To Quit
DONT DO IT. They dont want to pay out severance and are going to do things to break morale to get "voluntary attrition". Dont give them the satisfaction. Start building your network now to prepare for when the inevitable comes, and have a game plan... — read more
TB Gone
Tracey Brown has been let go. The Sycamore chainsaw begins.
Many puppets or what Walgreens calls them DM's are about to be let go......
GOOD...you made a ton of money for what you did being a puppet, and some for a lot of years. What value at all do you or did you bring. Just helped a pretty darn good company at one time go to vultures that in no time will totally destroy it. ... — read more
Sycamore deal closing Thursday
Good luck boys, TW
Has the flywheel been turning?
Tracey what happened to the flywheel?
How Stefan makes money on a failing company.
Here is a simplification for those who may be reading this and are not familiar with how some of these deals work. TLDR, investors/company’s don’t give a sh-t about you. They only care about one thing. Money. Someone essentially takes out a loan to... — read more
So many are finally leaving Walgreens..... about time
I commend all the ones finally leaving Walgreens, there are a lot more than I thought would leave without being forced out. You have my full respect. You will be so much better off regardless of what you decide to do in life. For the ones that... — read more
I asked AI what Sycamore will do with Walgreens.
TLDR: The sale is heavily financed with new debt making bankruptcy a possibility. Selling off pieces of the company and closing stores is most likely to happen. Who at Sycamore Partners Will Run Walgreens? Stefan Kaluzny, Managing Director of... — read more
Sooooo Tracey Brown is taking all of her corporate team to the Cubs game today.
Must be nice to have that kind of fun money. Must be a proud team for what they have done to Walgreen's...........what a disgrace.
Don't quit!
This apparently needs to be said. The leadership wants you to quit. Their goal is to get as many people as they can to walk on their own to save on severance. If you quit, you're literally doing them a favor. Stay and work. Quiet quit. But make them... — read more
RIP
Rats will start jumping even more now. Do yourself a favor and start looking now , you’ll be better off, happier and not around a toxic company like this shithole! If your lucky senior leadership will pool together at a random company at like oh... — read more
4x in office starting 9/5
You heard it here first. FOUR days in office starting September. I’d be nervous if I were you remote workers.
What are we even still doing here?
It’s not like any of us have a real shot at a future here once the deal goes through.
When will the deal be done?
The update from Tim was sometime in the 3rd or 4th quarter of 2025. July, August, September October, November, December When do you think the deal will be done?
Intellectual: What's Up Neil - What Happened to staying >5 years?
Neil - you have no practical IT experience. It's all Theretical and not reasonable. Your staff that you brought in - not reasonable and... You missed the great opportunity. Prior to you: 7 years at Walgreens and 5 CIO's. You made it a point to say... — read more
Enjoy your LAST 4th of July with Walgreens as you know it......
Walgreens will never be the same from here on forward for the 4th of July, as selling to the SCAVENGERS is about to change everything...if it even survives. What an amazing thing these so called Leaders have done to Walgreens from going from a... — read more
I like seeing it
When things start to shake at the very top, I suddenly start feeling optimistic that things could improve once again after all.
Tracey B leaving?
PLEASE.
BYE BYE LOSER
Best Buy Co. has appointed Neal Sample as its new chief digital and technology officer. Sample most recently served as an executive vice president and chief information officer at Walgreens Boots Alliance Inc. He had been at the pharmacy retailer... — read more
Neal leaving? What’s Up?!
He hired all his VP friends, then leaving the company in a turnaround? Amazing the leave date is on the Shareholder vote. He may be leaving, but he is still here via friends. It’s amazing HR allowed this to happen! How many VP’s have you hired in... — read more
Be ready the cuts will happen fast....pretty rough environment to work in I would think.
Analysts expect cost-cutting to escalate once the private equity firm’s $10 billion purchase of Walgreens is completed before the end of this calendar year. One of the first major hurdles is a vote of shareholders at a special meeting on July 11. — read more
New Layoff, Media Team Gone
Just today Walgreens is doing another massive layoff. What a joke of a company it has become.