Walgreens reportedly plans to lay off 270 Chicago employees as part of a plan to eliminate 370 positions from its corporate support offices.
The layoffs are part of the company’s restructuring and cost-reduction plan put in place last year, company spokesman James Graham told the Chicago Sun-Times.
Employees will be notified throughout the month, with no additional staff cuts expected in the near future, Graham said.
Earlier this year, the nation’s largest drugstore chain closed about 200 stores nationwide as it expanded on the $1 billion cost-reduction plan.
The Deerfield, Illinois company said it planned to reorganize its corporate operations and streamline its information technology and other functions. It expected the moves to add $500 million to its estimated cost savings from its three-year plan.
Late last year, Walgreens completed a nearly $16 billion deal to purchase the remaining stake of European health and beauty retailer Alliance Boots that it didn't already own. The company was renamed Walgreens Boots Alliance Inc.