Published 10/01/2024 1:59:00 p.m.

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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USA Today

CVS Health to lay off nearly 3,000 workers primarily in 'corporate' roles

CVS Health is laying off nearly 3,000 "primarily corporate roles" in a cost-cutting move, the company confirmed to USA TODAY Tuesday.

10/01/2024 3:57:40 p.m.·United States

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CNN

CVS Health to lay off nearly 3,000 workers in cost-cutting drive

CVS Health is planning to cut about 2,900 jobs in an effort to slash costs, the US health care company said Tuesday.

10/01/2024 12:24:14 p.m.·Atlanta, United States

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CNBC

CVS is working with advisors on strategic review, sources say

CVS Health's board has engaged advisors to conduct a strategic review of its business, according to people familiar with the matter.

09/30/2024 11:58:30 p.m.·United States

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CBS News

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 …

10/01/2024 3:22:02 p.m.

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