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Story summary
- Walgreens eliminated paid vacation time for six major holidays, including Thanksgiving and Christmas, after its $10 billion acquisition by Sycamore Partners.
- Hourly employees will receive holiday pay only if they work on those days.
- Walgreens previously compensated full-time employees for holidays regardless of work status, provided they met certain conditions.
- Walgreens laid off about 80 corporate employees.
- Walgreens plans to close approximately 1,200 underperforming stores in 2024.
