Walgreens is laying off 256 support center employees as part of its ongoing cost-cutting strategy, marking the third round of layoffs in 2024. The company has faced significant financial challenges, reporting a $3 billion loss in Q4 and planning to close 1,200 stores over the next three years to improve cash flow. CEO Tim Wentworth noted that the company has exceeded its cost-saving targets, cutting over $1 billion in expenses and reducing capital expenditures significantly.
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