Story perspectives

Walgreens Cuts Holiday Pay After $10B Acquisition

11/15/2025

50 8

Summary

Story summary

Walgreens (the pharmacy chain) eliminates six paid holidays for hourly workers, including Thanksgiving and Christmas, after its $10 billion acquisition by Sycamore Partners.
The October announcement requires holiday work to receive pay, and unions warn take-home pay could fall from $43,440.
Walgreens plans to close about 1,200 underperforming stores and its Chicago office space by January 2026.
Neither Walgreens nor Sycamore Partners has commented on the situation.

1 of 1

Story summary

Walgreens (the pharmacy chain) eliminates six paid holidays for hourly workers, including Thanksgiving and Christmas, after its $10 billion acquisition by Sycamore Partners.
The October announcement requires holiday work to receive pay, and unions warn take-home pay could fall from $43,440.
Walgreens plans to close about 1,200 underperforming stores and its Chicago office space by January 2026.
Neither Walgreens nor Sycamore Partners has commented on the situation.