CVS: Nearly 200 Rhode Island Residents Laid Off This Week

CVS: Nearly 200 Rhode Island Residents Laid Off This Week

A spokesperson for CVS has told GoLocal that due to the number of layoffs made this week, the company is now filing a “Worker Adjustment and Retraining Notification” (WARN) letter with the state of Rhode Island.

As GoLocal reported on August 1, CVS, Rhode Island’s largest private for-profit employer, notified employees that as many as 5,000 employees are facing potential layoffs.

On Friday, CVS spokesperson Mike DeAngelis told GoLocal the following: 

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"We are filing our WARN notice in Rhode Island today.  Although more than 500 positions are impacted, only 198 positions are held by residents of Rhode Island. 

This is because we had to include in the WARN count our employees who reside/work remotely in other states but report to someone who is located in Rhode Island.  The job reductions are effective beginning on October 21.  Our employee count in Rhode Island will be approximately 7,500 people." 

The notification by CVS is required by law to be filed with the Rhode Island Department of Labor and Training once layoffs exceed a certain threshold. 

 

Latest in CVS News

On Thursday. GoLocal reported “CVS Takes Major Hit at the Hands of Amazon and Mark Cuban’s Company:”

Blue Shield of California announced a new pharmacy care model that is designed to "fix problems in today’s broken prescription drug system."

The company said it will no longer use CVS Health’s Caremark as its pharmacy benefit manager and instead will partner with several companies, including Amazon Pharmacy and Mark Cuban Cost Plus Drug Company. The insurer expects to save up to $500 million in annual drug costs once the multi-year plan is fully implemented.