CVS Health has confirmed the forthcoming termination of 288 positions in Florida.
The Worker Adjustment and Retraining Notification Act mandates that employers with a workforce exceeding 100 full-time individuals provide two months’ notice in advance of laying off 50 or more employees at a single location.
In adherence to this regulation, CVS has formally notified the Florida Department of Economic Opportunity about the layoffs, scheduled to commence on October 21.
The official statement reads, “We are writing to inform you that CVS Health will be conducting a mass layoff at its facility located at 261 N. University Drive, Plantation, FL 33324 (the “Facility”). This layoff will be permanent, and the process of employee terminations will begin on October 21, 2023.”
Furthermore, CVS had previously disclosed an extensive plan to eliminate 5,000 roles throughout the country. These positions are all within the corporate realm, with the company assuring that this decision will not impact employees directly engaged with customers in stores, pharmacies, clinics, or customer service centers.
Mike DeAngelis, Executive Director of Corporate Communications for CVS, commented on the broader changes, stating, “Our industry is adapting to cater to the evolving health requirements and preferences of consumers. To realign our resources towards care delivery and technological advancements, we inevitably face challenging decisions to curtail costs. We are fully dedicated to assisting the affected colleagues. They will be provided with severance packages, comprehensive benefits, and access to job placement services.”