Walgreens blames employee bonus cuts on COVID-19
October 16, 2020
Walgreens has said that it will not be paying full bonuses to employees as a result of the business impact of the novel coronavirus pandemic. “This has been a very difficult time, but as you would expect, we are going to be very resilient,” said CEO Stefano Pessina on the company’s earnings call. The drugstore giant did not pay bonuses last year and significantly cut them in 2018, as well.
Recent News
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.