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CVS to lay off 5,000 employees in push to shed costs

(NEW YORK) -- CVS Health is laying off 5,000 employees as part of an effort to shed costs, the retail and pharmacy chain confirmed on Tuesday.The layoffs will primarily affect "non-customer facing positions" such as corporate roles, the company said, adding that it does... Read More.

Disney to lay off 7,000 workers, CEO Bob Iger says

(BURBANK, Calif.) -- Disney is set to lay off 7,000 workers, CEO Bob Iger said on the company's earnings call on Wednesday.The company is targeting a total of $5.5 billion in cost savings, Iger said. In all, $3 billion in cuts will come from content,... Read More.