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Layoffs

Business
CVS To Lay Off Nearly 3K Workers CVS To Lay Off Nearly 3K Workers
CVS To Lay Off Nearly 3K Workers CVS announced it will lay off nearly 3,000 workers as part of a cost-cutting move aimed at saving $2 billion. These approximately 2,900 layoffs, primarily in corporate roles in the company's CVS Health division, represent less than 1 percent of the company's workforce, CVS said.  "The reductions will not impact front-line jobs in our stores, pharmacies and distribution centers,” a CVS spokesperson told CNN. The move comes a day after CVS management met with major shareholder Glenview Capital to discuss the company’s deficits and its dipping stock price, according to CNBC. Founded in…

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by Joe Lombardi
Business
New Gannett Layoffs Affect Hundreds Of Staffers Across Region, Nation New Gannett Layoffs Affect Hundreds Of Staffers Across Region, Nation
New Gannett Layoffs Affect Hundreds Of Staffers Across Region, Nation The largest newspaper publisher in the United States is once again starting another round of layoffs that will affect hundreds of employees across the country, according to multiple news outlets. Earlier Report - Gannett Lays Off Staffers Across Region, Nation Following $54 Million Quarterly Loss On Thursday, Dec. 1, Gannett started terminating the positions of around 200 employees in an effort to cut its news division staff of around 3,440 by six percent, according to Poynter.  The layoffs come only four months after the company terminated hundreds of employees in August following a nearl…

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by Ben Crnic
Business
Gannett Lays Off Staffers Across Region, Nation Following $54 Million Quarterly Loss Gannett Lays Off Staffers Across Region, Nation Following $54 Million Quarterly Loss
Gannett Lays Off Staffers Across Region, Nation Following $54 Million Quarterly Loss The largest newspaper publisher in the United States has laid off employees at newspapers across the country following a nearly $54 million quarterly loss, according to multiple news outlets. Gannett's layoffs on Friday, Aug. 12, impacted numerous newsrooms, according to a report from Poynter. Gannett has not released information on the number of employees who were laid off, how many of its 250 newspapers were affected, or whether there will be further staffing cuts. Gannett, which owns USA Today, reported a $53.7 million net loss in its second-quarter report. Adrian Szkolar, a producer a…

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by Nicole Valinote
News
747 Employees To Be Laid Off From People's United Bank's CT Locations 747 Employees To Be Laid Off From People's United Bank's CT Locations
747 Employees To Be Laid Off From People's United Bank's CT Locations More than 700 employees of People's United Bank's Connecticut locations are set to be laid off. The Connecticut Department of Labor reported that between Oct. 1 of 2021 and May 20, 2022, 747 employees will be laid off.  The news comes after the company announced a merger with M&T Bank Corporation. NBC Connecticut reported that officials said 661 of the layoffs will be in the Bridgeport area, 42 will be in the Hartford area. The layoffs will reportedly impact 16 locations.

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by Nicole Valinote
Business
Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases
Best Buy To Cut 5,000 Jobs, Close Stores As Customers Shift To Online Purchases Best Buy is laying off thousands of workers as the retail giant plans to close some brick-and-mortar stores as the company transitions to focus on its e-commerce business. This week, Best Buy announced that it is laying off 5,000 employees this month with plans to close more stores this year after consumers concentrated on online shopping during the COVID-19 pandemic. According to the company, approximately 40 percent of its sales in the past year came from online purchases, up from 19 percent two years ago, forcing the retailer to transition its business model. While Best Buy laid off 5,0…

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by Zak Failla
Business
Lay-Offs At MassMutual Coming In December Lay-Offs At MassMutual Coming In December
Lay-Offs At MassMutual Coming In December MassMutual has plans to layoff more than 80 workers from one of its Connecticut offices. In a Worker Adjustment and Retraining Notification (WARN) letter to the state by Amy Dias Mass Mutual’s head of human resources consulting and talent management, Mass Mutual says it will layoff 82 workers at its Enfield facility on Bright Meadow Boulevard. The layoffs are due to Springfield-based Massachusetts Mutual Life Insurance Company, aka MassMutual's decision to sell its retirement plan business. Dias said the layoffs would take effect between Dec. 21 and Jan. 4, 2021 and that all affected emplo…

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by Kristin Palpini
Business
UPDATED Wave of Pink Slips Hit As Amazon Cuts Ties With Local Companies - Offers New Jobs UPDATED Wave of Pink Slips Hit As Amazon Cuts Ties With Local Companies - Offers New Jobs
Updated Wave of Pink Slips Hit As Amazon Cuts Ties With Local Companies - Offers New Jobs Hundreds of delivery drivers will be laid off in the coming months as small logistics companies are dropped by mega-online retailer Amazon. In this round, Courier Distribution Systems, LLC, will layoff or reduce the hours of 238 employees across its Milford, Dedham, and Everett facilities, according to a WARN letter filed with the Massachusetts Rapid Response Team. In July, Systemized Logistics of Bristol, Connecticut, announced 50 employees would be laid off due to a decline in orders from Amazon, the company owner said in a WARN letter. The company made another 70 layoffs between its Mass…

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by Kristin Palpini
Business
COVID-19: More Than 250 Workers Laid Off At Bridgeport Distribution Site COVID-19: More Than 250 Workers Laid Off At Bridgeport Distribution Site
Covid-19: More Than 250 Workers Laid Off At Bridgeport Distribution Site alphabroder Prime in Bridgeport is laying off 255 employees from its warehouse. At alphaborder Prime most of the layoffs will be for machine operators (94) and packers (54). The employees are not represented by a union. The company is a clothing distributor and is not affiliated with Amazon Prime. In a letter to the state’s Rapid Response Unit, Alphaborder Prime HR Director Marilyn Caraballo said the company at 1100 Boston Ave., has been terminating employees since March and placed 152 employees on temporary furlough in April. Those people on furlough are likely not going to be asked to r…

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by Kristin Palpini
Business
Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores
Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores Men’s Wearhouse and Jos. A. Bank will close up to 500 stores and lay off 20 percent of its corporate workforce, the California-based company has announced.  Massachusetts and Connecticut combined have more than two dozen such stores. The company has not announced a timeline for closure. Although the company is yet to name which stores are subject to closure: Connecticut has Men’s Wearhouses and Jos A. Banks in over 12 communities including West Hartford, Danbury, Milford, Enfield, Meriden, Glastonbury, and Fairfield. In Massachusetts, shops for Men's Wearhouse and Jos. A. Bank can be…

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by Kristin Palpini
Business
COVID-19: Hartford County Hotels To Cut Hundreds Of Employee Jobs and Hours COVID-19: Hartford County Hotels To Cut Hundreds Of Employee Jobs and Hours
Covid-19: Hartford County Hotels To Cut Hundreds Of Employee Jobs and Hours Three major Hartford County hotels have announced plans to layoff or reduce the hours of nearly 450 employees due to economic fallout from the COVID-19 pandemic. The Hartford Marriott Downtown, the Hilton Hartford, and the Sheraton in Windsor Locks have put the Connecticut Department of Labor on notice about layoffs and reduced employee hours planned for this month. Many companies are required by Connecticut law to inform the state’s Dislocated Worker/Rapid Response Team prior to mass layoffs. It is unclear if the layoffs or cut hours will be permanent. In letters to the Rapid Response Tea…

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by Kristin Palpini