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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
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