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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
Anheuser-Busch To Cut 200 Jobs At Mass. Facility Anheuser-Busch To Cut 200 Jobs At Mass. Facility
Anheuser-Busch To Cut 200 Jobs At Mass. Facility Anheuser-Busch has alerted state officials that it plans to eliminate nearly 200 jobs at a facility in Medford later this year, reports said.  The brewer plans to transfer its AB One wholesaler on Riverside Avenue to Quality Beverage, which already has distribution locations in Chicopee, Auburn, and Taunton.  “We are working with Quality Beverage to ensure a smooth transition for our operations, including fully supporting our local teams, and as part of this ongoing transition, we expect that some opportunities will be made available for Boston employees with the Quality Beverage …

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by Josh Lanier
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