What is going on at walgreens?

I heard they missed the profit mark on wal street for sure last quarter. They blamed it on PBM's and generic drug costs. Said generic drugs were going down? made no sense. anyway, a manager friend in south Florida just got cut at a premier store. Hes alone now, 12 hour shifts....etc. I also heard rumors of them closing stores earlier? They did say they would begin "cost cutting efforts" in the press release... Anybody have any experience to share as of yet? thanks.
Source: Student Doctor Network - Category: Universities & Medical Training Authors: Tags: Job Market Source Type: forums