What is the likelihood of CVS layoffs in Woonsocket in 2016? Please let me know if you have any information.
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Meanwhile Larry Merlo continues to receive his $20MM + yearly income. Some things never change.
CVS grew so rapidly its no wonder they have money issues. Meanwhile Walgreens stock is growing.Why did CVS let themselves into this problem???
BAD MANAGEMENT from Rhode Island???
You need to go to the home page of CVS on this site to see more info (the most recent posts) - the page is located here - just follow the link: https://www.thelayoff.com/cvs-caremark
You will find info, just try to dig it
it true , layoff at corp in RI,
CVS management realignment just took place in Western New York. 8 in my district including myself were just given waking papers. COMPANY did a wage analysis of the store level management teams and a salary cap of $15.00 an hour (+/-). If you are over that amount by 15%or more you were told 3/12 is you last day. My pay cut was 29.8% another in my district was closer to 40%. So a key holding associate is now expected to do their job with a cap of 24,000.00 a year. Great for a college student but not a livable wage by any means.
Hearing retail district managers and district supervisors will be realigned with some layoffs in 2016.
I am hearing that layoffs in non revenue producing departments will continue into 2016. AP is currently being looked at for outsourcing. That's about 80 people.
It didn't actually hit the news until a day later. I don't know all the details other than the areas hit were all non-revenue producing departments - risk management, finance & accounting, and administrative positions. Mostly managers & senior managers - people with salaries of $50K plus.
when i got laid off I was not notified, I found out by looking at the next schedule..
Do you know the breakdown per area? How come this is not on the news...
160 were just let go from corporate. Mostly managers. All in non revenue producing areas.