Pharmacy With Over 300 Illinois Locations to Layoff 3000 Employees
CBS News reports that one of Illinois' leading pharmacies is set to cut costs by parting ways with nearly 3000 employees, which will undoubtedly significantly impact their business operations and future strategies.
This significant move will see CVS reducing about 1% of its workforce, while Walgreens plans to close up to 25% of its stores. These drastic measures respond to the challenges posed by "inflation-weary customers."
Like Walgreens, CVS blames consumer "needs and expectations" for the layoffs.
The layoffs, expected to affect corporate roles primarily, will not impact front-line jobs in stores, pharmacies, and distribution centers.
Anyone keeping up with current events should know the layoffs at pharmacies across America.
Blaming customers for others' job losses is about as tired and worn as it gets.
The biggest issue is that it doesn't affect the actual customer, but CVS and Walgreens do little to shift the blame inward.
Instead of attributing the layoffs to consumer behavior, a common but unproductive approach, I suggest that CVS and Walgreens focus on internal improvements.
By identifying and addressing areas that can be fixed, they can create a more sustainable business model that will not only survive but thrive in the future.
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It's reassuring to know they aren't letting go of front-line personnel.
This decision, which would only exacerbate the situation, gives customers a sense of security about the continuity of their service, reassuring them about the future of these pharmacies.
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