WOONSOCKET, R.I. (WPRI) — As CVS Health cuts jobs nationwide, 12 News has learned a “mass layoff” is coming to the company’s corporate offices in Woonsocket and Cumberland.
A Worker Adjustment and Retraining Notification (WARN) notice obtained from the R.I. Department of Labor and Training shows more than 500 employees will be let go between the two facilities starting Oct. 21. The layoffs will affect 198 people who live and work in Rhode Island, the notice says, while others are employees who work remotely and report to those offices.
All affected employees will receive a letter with their exact termination date, according to the notice.
Earlier this month, CVS announced it would be laying off 5,000 workers nationwide to cut costs, but said the positions were not at individual stores, pharmacies, and clinics. However, the company in 2021 announced plans to close 900 locations over a three-year span.
The Department of Labor and Training said they have resources available to Rhode Islanders affected by the layoffs. They can meet with a job coach in person at one of their offices or online to talk about their options or get help with their resume.
The DLT also has a job board for in-state employment, along with even more resources on its website about how to file for unemployment insurance.
Officials also recommend enrolling in replacement health insurance as soon as possible. Residents have 60 days before and following a layoff to enroll in HealthSourceRI and find new insurance.
CVS employs about 300,000 people nationwide.