FRANKLIN LAKES, N.J. (AP) — The nation's largest pharmacy benefits manager is cutting its payroll.

St. Louis-based Express Scripts Holding Co. announced its laying off 332 employees nationwide, including 103 workers at the former Medco Health Solutions site in Franklin Lakes and 12 at its facility in Willingboro.

The layoffs are the latest in a series that followed the company's $29.1 billion acquisition of Medco in April.

Express Scripts spokesman Brian Henry told The Record newspaper (http://bit.ly/VhXzGS ) in an email that the employees at Medco's former headquarters in Franklin Lakes represent a number of corporate support functions.

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Information from: The Record (Woodland Park, N.J.), http://www.northjersey.com