Becker's Healthcare October 8, 2024
CVS Health is set to lay off more than 630 employees as part of a $2 billion cost-cutting initiative aimed at improving financial performance, The Boston Globe reported Oct. 7.
According to a WARN notice sent to state officials, the layoffs will begin Dec. 8 and comprise 632 positions, including roles in technology, human resources and analysis. Of those affected, only 153 employees are based in Woonsocket, R.I., while the other 479 are remote employees reporting to Woonsocket leaders.
These layoffs follow a previous round of reductions, with CVS having laid off around 2,900 employees at the end of September. The current cuts represent 1% of the total workforce and will not impact frontline roles in retail stores...
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