Walgreens Announces 370 Corporate Job Cuts

Walgreens Boots Alliance confirmed Monday that it will lay off 270 Chicago employees in corporate support as it continues to shed jobs and consolidate functions following its merger. The retail drug chain said the Chicago layoffs are part of 370 corporate jobs being cut companywide. No store workers will be affected. Employees are being offered severance packages and 60 days notice, company spokesman Michael Polzin said. It's the latest round of downsizing for Walgreens, which announced a restructuring and cost-reduction plan last year.