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Layoffs

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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
News
3 Hudson Valley Companies Announce Around 300 Layoffs 3 Hudson Valley Companies Announce Around 300 Layoffs
3 Hudson Valley Companies Announce Around 300 Layoffs Several hundred Hudson Valley workers will lose their jobs as three companies, either close, merge or cutback on production. The companies, all located in Orange County, Frito-Lay and Gen-Pak, both in Middletown, and Amscan in Newburgh, filed WARN Notices with the state that inform them of upcoming layoffs. Frito-Lay said it would lay off 88 workers beginning on Friday, Aug. 30 due to construction projects at the plant. The workers will not be rehired.  Gen-Pak, a food packaging manufacturing plant said it would layoff all 138 of its employees due to the rise in the bans on the use of…

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by Kathy Reakes
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
News
Twitter To Lay Off More Than 400 NYC Employees, State Filing Reports Twitter To Lay Off More Than 400 NYC Employees, State Filing Reports
Twitter To Lay Off More Than 400 NYC Employees, State Filing Reports Twitter is set to lay off more than 400 of its employees who are based in New York City, according to a newly-published state filing. The company will lay off 418 employees who work at the company's office at 249 West 17th St. in New York City beginning Feb. 2, 2023, according to a Worker Adjustment and Retraining Notification (WARN) Notice published on Tuesday, Nov. 8. The filing listed the reason for the layoffs as "economic." The news comes amid a wave of thousands of layoffs reportedly affecting nearly half of Twitter employees since Elon Musk took over as CEO of th…

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by Nicole Valinote
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
Business
Closure By Company In Area To Result In 72 Layoffs Closure By Company In Area To Result In 72 Layoffs
Closure By Company In Area To Result In 72 Layoffs Dozens of employees at a Hudson Valley company will be out of a job as the plant plans to move its operations out of state within the next two years. In Putnam County, Carmel-based Silarx Pharmaceuticals, which has been a fixture in the region for more than six years, filed papers with the state with the intention to transfer production to a facility in Indiana. The move will result in layoffs for all 72 of the pharmaceutical company’s employees, who are expected to be let go between March 2022 and June 2023, when it plans to move out of the Hudson Valley. Silarx Pharmaceuticals was founde…

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by Zak Failla
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
COVID-19: Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores COVID-19: Men's Wearhouse, Jos. A. Bank To Close Up To 500 Stores
Covid-19: 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.  The company has not announced a timeline for closure. The continuing negative economic impact of COVID-19 was largely blamed for the decision, according to corporate parent company Tailored Brands President Dinseh Lathi. Following these changes, the company expects to pay about $6 million in severance pay and other termination costs. Tailored Brands has an estimated 1,500 stores across all of its brands.

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by Kristin Palpini
News
COVID-Related Layoffs Affect Thousands In Hudson Valley COVID-Related Layoffs Affect Thousands In Hudson Valley
Covid-related Layoffs Affect Thousands In Hudson Valley Thousands of workers in the Hudson Valley have been laid off amid the novel coronavirus (COVID-19) pandemic. Nearly a dozen companies in the Hudson Valley were forced to lay off or furlough more than 2,500 employees, according to information from the New York State Department of Labor’s Worker Adjustment and Retraining Notification (WARN). Employers in Westchester, Orange, Rockland, Sullivan, Ulster, Dutchess, and Orange counties all made filings, according to the Department of Labor. The largest reported to the state labor department is MGM Yonkers, doing business as Empire City Casino, …

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by Zak Failla
Business
Dozens Of Popular Hosts Among iHeartRadio Layoffs, Dealing Blow To Local Radio Dozens Of Popular Hosts Among iHeartRadio Layoffs, Dealing Blow To Local Radio
Dozens Of Popular Hosts Among iHeartRadio Layoffs, Dealing Blow To Local Radio Dozens of popular and prominent radio hosts across the country were the victims of layoffs at iHeartMedia, the company announced. IHeartMedia, which proclaimed itself “the No. 1 audio company in America” and owns more than 850 radio stations, announced the reorganization as a way to group its markets “by common needs and characteristics” into three divisions, the company said in a release. It is unclear how many of the company’s 12,500 employees were laid off. The layoffs came the day after iHeartMedia announced it would be promoting nine executives to serve as division presidents under the…

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by Zak Failla
Business
Settlement Of Dolan Family's Lawsuit Against Altice Keeps News 12 Staffing At Current Level Settlement Of Dolan Family's Lawsuit Against Altice Keeps News 12 Staffing At Current Level
Settlement Of Dolan Family's Lawsuit Against Altice Keeps News 12 Staffing At Current Level At the 11th hour, the Dolan family, the former owners of Cablevision before it was sold to Altice USA, reached a settlement in a lawsuit regarding layoffs and staffing at News 12 with the new parent company for the 24-hour hyperlocal news network. News 12 will employ at least 371 full-time employees through February 2023 under the agreement, ending a yearlong dispute by the Dolans, who sought a minimum of 462. Altice acquired News 12 when it took over Cablevision three years ago. The lawsuit alleged that Altice had not operated the news company in compliance with the agreement of the deal. …

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by Zak Failla
Business
RNN To Cut 150 Jobs After Verizon Shuts Down FiOS1 News RNN To Cut 150 Jobs After Verizon Shuts Down FiOS1 News
RNN To Cut 150 Jobs After Verizon Shuts Down FiOS1 News As of 12:01 a.m. on Saturday, Nov. 16, local television news outlet FiOS1 News will cease broadcasting after parent company Verizon declined to pursue a new contract with Rye Brook-based RNN. "Later this year, Verizon will no longer be offering FiOS1 News, said Verizon spokesman Tony McNary. "We have partnered with RNN for over 10 years to deliver award-winning hyperlocal news coverage on FiOS1. We know how important hyperlocal news is to our FiOS customers and will be sharing more options soon. We wish RNN and their employees well during this transition." The end of the contract will leave…

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by Kathy Reakes
Business
Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties
Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties Thousands of Lowe’s employees will soon be out of a job as the home improvement retail giant reshuffles positions. Lowe’s announced that it is planning to outsource the jobs of maintenance and assembly workers to third-party companies, including workers that put together certain items such as grills and wheelbarrows. The news of layoffs was first reported by the Wall Street Journal. It is unclear exactly how many employees are being laid off, but it is expected to be in the thousands. The company currently employs approximately 300,000 people in 1,725 stores nationwide. The layoffs come a…

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by Zak Failla
Business
Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration
Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration Nearly 200 Sears and Kmart employees will lose their jobs following the official filing for bankruptcy by Sears Holdings. Last week, Sears announced that it would be closing another 142 unprofitable Sears and Kmart locations, including several in the area. Those closures will reportedly impact According to the Worker Adjustment and Retraining Notification filed on Oct. 15, 42 employees at Kmart on Route 6 in Mahopac would be let go; 55 employees at Sears in the Jefferson Valley Mall would face termination; 76 employees at the Sears at The Shops in Nanuet; and 12 at Sears on Route 59 in Nanu…

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by Zak Failla
Business
Altice Says Lawsuit By Dolan Family, News 12 Anchor 'Without Merit' Altice Says Lawsuit By Dolan Family, News 12 Anchor 'Without Merit'
Altice Says Lawsuit By Dolan Family, News 12 Anchor 'Without Merit' Altice USA issued a detailed response to Thursday's story by Daily Voice about a lawsuit filed this week by the Dolan Family and a longtime News 12 anchor to prevent Altice from laying off more workers at News 12. Janet Meahan, senior director of communications for Altice USA, said: “This lawsuit is without merit and paints an extremely inaccurate representation of our business. It is also surprising that the Dolan family would now challenge the strategic and organizational decisions that Patrick Dolan led during his 2 1/2 years with the company as President of News 12.  "Altice USA co…

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by Jon Craig
Business
Avon Laying Off 100 Workers, Closing Operations In Westchester Avon Laying Off 100 Workers, Closing Operations In Westchester
Avon Laying Off 100 Workers, Closing Operations In Westchester Avon Products Inc. announced it is laying off about 100 employees in its Rye data center, closing the rest of the Rye operations over the next year and consolidating U.S. operations in Suffern. Avon CEO Jan Zijderveld cited the company’s international focus in a press release, attributing the actions to a strategy of “simplifying our U.S. operations,” “providing fuel for growth” and becoming “more fit for purpose.” A state Department of Labor notice put the number of data center employees being affected at 105. Their work in Rye will cease by the end of this month, and their jobs will be ph…

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by Daily Voice
Business
New Lawsuit Links IBM’s ‘Millennial’ Reinvention To Age Bias New Lawsuit Links IBM’s ‘Millennial’ Reinvention To Age Bias
New Lawsuit Links IBM’s ‘Millennial’ Reinvention To Age Bias After another round of company-wide layoffs this spring, IBM is being sued in federal court for age discrimination, according to multiple reports.A lawsuit filed against the Armonk-based IBM by Jonathan Langley, 60, of Texas claims that in the international company's push to hire millennials and make money, the company let go of more experienced but costlier "gray-hairs." Millennials are defined as the generation born after 1980. According to this lawsuit, Langley was fired last June as director of sales in IBM’s Hybrid Cloud business unit, based out of Austin. According to a ProP…

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by Jon Craig