Pharmacy chain Walgreens Boots Alliance to cut corporate jobs by 10%

Walgreens Boots Alliance Inc said connected Friday it would slash its firm unit by astir 10%, arsenic it streamlines operations and focuses connected consumer-facing health-care businesses.

None of the 504 roles being chopped are based astatine its stores, micro-fulfillment outlets oregon telephone centers, a institution spokesperson told Reuters.

Walgreens, 1 of the largest U.S. pharmacies, has been looking to grow beyond its halfway business, with acquisitions of health-care services relation VillageMD and urgent-care supplier Summit Health.

The company, which mislaid marketplace stock to its rivals aft closing respective stores during the pandemic, is aiming to regain it by the extremity of fiscal twelvemonth 2023 by reducing wage spread and expanding automation astatine fulfillment centers.