Walgreens laid off its media-buying team in July, ADWEEK has learned. The cuts amount to about 15 positions, according to one source with direct knowledge.

The changes come as Walgreens refocuses on its core retail and pharmacy operations. In its Q3 earnings, Walgreens reported a $175 million loss, though sales rose 7% to $39 billion. Private equity firm Sycamore Partners finalized its $10 billion all-cash acquisition of Walgreens on Thursday.

A spokesperson for Walgreens acknowledged the job cuts but declined to say how many people were laid off. The spokesperson said the cuts are not related to the Sycamore acquisition.

“We recently restructured our media team to drive greater efficiency and accountability,” the Walgreens spokesperson said in a statement to ADWEEK. “As part of this sh

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