Walgreens Cancels Bonuses Amid Financial Struggles, Employee Discontent

Walgreens is canceling corporate bonuses this year due to disappointing quarterly earnings and financial pressures. Pharmacy managers will receive reduced bonuses.

Employee concerns come amid other fiscal problems for Walgreens like debt, budget cuts, theft, leadership turnover, and understaffing.

Rite Aid filed for bankruptcy this fall. CVS earnings beat expectations but its stock is also down.

Walgreens employees complained about the bonus cancellation on Reddit. Former executives received high compensation.

Small protests have occurred over working conditions but widespread pharmacy worker actions are difficult given lack of unions. Walgreens says walkout impacts have been minimal.