Formally a Good to Great, now Great to Poor
Pros
Profitable company, well recognized by others, spends big money on projects, expanding international with potential growth opportunities. New exec leadership coming that is changing the status quo.
Cons
Employees at all levels, including Senior VP's, are treated poorly. It may not feel this way in the field, but disrespect of employees is from the top down. There was a senior leadership meeting where the one of the board members told the the Top 200 execs that they are not needed and will be replaced if they don't comply with mandates to cut expenses. Where to cut? Not the globetrotting private airplanes, not the leases of empty buildings, not the fleet of leased vehicles sitting in parking lots, not the multimillion dollar projects with huge maintenance expenses...they cut the people, salary increases, and benefits... Open positions frozen, critical system staff is not backfilled, contractors are being cut, lay-offs, etc. Stores are under staffed, corporate IT is being decimated, and long-time loyal employees are leaving daily. Even former C-Level execs with multimillion dollar severance packages are suing the Company for defamation. Walgreens is a highly political cutthroat organization that changes direction daily. The Company is in desperate need for new leadership.