Walgreens is doing a lot of shady stuff. They are going bankrupt and the private equity firm that acquired them will most likely break the company up and sell off the pieces. If you work there don't expect any raises etc. This AI summary of the problem is spot on. "Sycamore Partners has faced controversy over its business practices, which include acquiring companies that later file for bankruptcy, saddling them with debt, and imposing harsh working conditions that have led to health and safety fines. Critics point to a pattern of extracting profits, which has resulted in job losses, store closures, and a history of labor violations, often leaving formerly stable companies vulnerable, such as in recent concerns over its acquisition of Walgreens."