This is partially true. When I entered pharmacy school, my university boasted a nearly 100% job placement. After (what I believe was) the opening a number of other schools in the NE, expansion of pharmacist duty hours, saturation of the market, and a ****ty market, jobs are tough to come by. I ultimately decided to go to medical school, but a number of my classmates and my roommates included were stuck in a different market than they were promised. At least in the NE, you CAN get a CVS, Walgreens job, but you have to be willing to relocate. Expect to sign shorter term contract or contracts with the option of moving. Pharmacy residencies (1 year beyond graduating) are becoming increasingly popular for their ability to get you a solid job. There are not that many programs and I'm not sure how difficult it is to get a position to be honest. A number of my old classmates have completed a residency and now have no issues finding work in whatever clinical field they want to. Residency is not an easy road, but it makes the job prospects much better.
Pharmacy is still a great field. I've seen clinical pharmacists make big differences in patient care and even the administrative side of things. You can make great money and/or really affect patient care.