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Layoffs

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Hearst Lays Off Around 200 Employees From Magazine Division Hearst Lays Off Around 200 Employees From Magazine Division
Hearst Lays Off Around 200 Employees From Magazine Division Hearst Magazines has just fired around 200 employees, most of whom were assigned to the company's midtown Manhattan headquarters, according to multiple reports. Cosmopolitan, Esquire, Good Housekeeping, Men's Health, Popular Mechanics, Town & Country, and Harper's Bazaar are among the titles the division of Hearts Communications publishes. Affected employees were notified in a private meeting days before Thanksgiving, according to New York Magazine. Some of the Hearst publications :were already run by a skeleton crew" after years of downsizing, the report in New York said.

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by Joe Lombardi
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