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The drug store chain is also planning to cut jobs at its corporate offices in Pennsylvania, according to the letter.

The company told employees it will cut jobs after failing to secure additional financing from its lenders, Bloomberg News reported earlier in the day, citing an internal letter from Schroeder.

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Rite Aid has told its employees it intends to file bankruptcy less than a year after ... The drug store chain is also planning to cut jobs at its corporate offices in Pennsylvania.

One reason given was fewer deliveries from Amazon. UPS announced in January that it planned to cut the number of Amazon packages by more than half over the next year and a half. “Amazon is our ...

Bloomberg, citing a letter sent to employees by Rite Aid CEO Matthew Schroeder, reported Monday that Rite Aid intended to file for bankruptcy despite completing its recent restructuring plan.

The package delivery company said Tuesday that it anticipates making the job cuts this year. It anticipates closing 73 leased and owned buildings by the end of June. UPS said that it is still ...