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CVS Launches Layoffs, Reportedly Reviewing Strategic Options
Healthcare Innovation October 1, 2024
The job cuts, which are part of a broader $2 billion cost-cutting plan, are focusing on corporate roles
The leaders of CVS Health Corp. are cutting nearly 3,000 jobs as part of a broader $2 billion cost-cutting plan announced this summer and are also said to be reviewing the company’s strategic options as an activist investor pushes for change.
In communicating the job cuts to employees, Forbes reported Oct. 1, executives said the move is necessary so that CVS can “remain competitive and operate at peak performance.” The 2,900 positions set to be cut amount to less than 1 percent of CVS’ total workforce and will affect mostly corporate jobs. What leaders called “front-line jobs” in CVS stores, pharmacies and...
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