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CVS Health To Cut 2,900 Jobs But Mum On Potential Break-up
Forbes October 1, 2024
CVS Health confirmed plans to pare about 2,900 jobs, or less than 1% of its total workforce, as the diversified provider of medical care, pharmacy services and health insurance faces cost pressures.
Company executives, however, wouldn’t confirm reports they were considering breaking up, spinning off or selling parts of the company, which includes the large chain of CVS drugstores; Caremark, one of the nation’s largest pharmacy benefit management companies; and Aetna, the nation’s third largest health insurance company.
“Our industry faces continued disruption, regulatory pressures, and evolving consumer needs and expectations, so it is critical that we remain competitive and operate at peak performance,” CVS said in a memo to employees Monday. “As we previously disclosed, we’ve embarked on a...
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