CVS to Cut 2,900 Jobs as It Considers Breaking Up the Business
- CVS is reportedly reviewing its business strategies, which may involve a breakup, as stated by the Wall Street Journal.
- CVS executives met with investor Glenview Capital Management to discuss operational improvements following a decline in stock value.
- The company is considering separating its retail and insurance sectors, facing pressure from investors due to poor performance.
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CVS lays off 2,900 workers in cost-cutting measure. Here’s what you need to know. – englishtimes.uk
How to handle layoffs 04:22 CVS Health said it would cut about 2,900 employees as part of a $2 billion cost-cutting goal. The job cuts represent about 1% of the health care company’s workforce, a CVS spokesperson told CBS MoneyWatch via email. Some drugstore chains have struggled in recent years due to discounts driven by inflation-weary consumers as shoppers cut back on spending on non-prescription items. Walgreens plans to almost …
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Total News Sources49
Leaning Left6Leaning Right3Center29Last UpdatedBias Distribution76% Center
Bias Distribution
- 76% of the sources are Center
76% Center
L 16%
C 76%
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