Walgreens, VillageMD Clinics Slash Bonuses Amid Cost Cuts
- VillageMD won’t give most employees bonuses for 2023: memo
- Majority owner Walgreens is cutting expenses under new CEO
A Walgreens store in El Cerrito, California.
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Walgreens Boots Alliance Inc. is trimming employee bonuses amid a broader push to reduce expenses at the drugstore giant.
Walgreens corporate employees and support center workers won’t get bonuses, and pharmacy and store managers will be eligible for partial payments, a Walgreens spokesman said Friday. Staff at VillageMD, the primary-care provider majority owned by Walgreens, will see similar cuts, with most getting no bonuses and clinic staff who see patients getting reduced amounts, according to a memo to staff viewed by Bloomberg.