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CVS

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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
Stop & Shop Will No Longer Sell Tobacco Products Stop & Shop Will No Longer Sell Tobacco Products
Stop & Shop Will No Longer Sell Tobacco Products Stop & Shop, the supermarket chain with 360 stores throughout the Northeast, said its locations will stop carrying tobacco products at the end of the month.  The chain announced the move on Monday, Aug. 26, after it partnered with the American  American Cancer Society to improve community health, Stop & Shop CEO Gordon Reid said in a statement.  Our responsibility as a grocer goes far beyond our aisles, and we are committed to taking bold steps to help our associates, customers, and communities work towards better health outcomes. From our team of registered diet…

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by Josh Lanier