 CEO Tim Wentworth, who came on board last October, has set in motion a complete overhaul at Walgreens through store closures, the removal of multiple mid-level executives, and a $1 billion cost-cutting plan. Earlier this year, Walgreens halved its dividend to $0.25 per share in an attempt to conserve cash as sticky inflation dampens spending on over-the-counter products and pressure increases on reimbursement payments for filling prescriptions.