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CVS Health to lay off nearly 2,900 employees in cost-cutting push. October 1, 2024 at 4:35 PM (Reuters) -CVS Health said on Tuesday it would lay off about 2,900 employees, representing less than 1 ...
CVS said it is cutting 2,900 workers, or about 1% of its workforce, as part of an effort to reduce costs by $2 billion. CVS lays off 2,900 workers in cost-cutting move. Here's what to know.
CEO Karen Lynch of CVS Health, which owns the chain, recently stepped down as shares dropped 19%. CVS is nearing the end of a three-year plan to close 900 stores.
On the drugstore side, CVS Health is wrapping up a multi-year plan that includes the closure of more than 1,100 stores. Quarterly revenue totaled $97.71 billion. That beat the $97.06 billion Wall Street was calling for. Looking ahead, CVS Health foresees full-year adjusted earnings in a range of $5.75 to $6 per share.
CVS Health is wrapping up in 2024 a three-year plan to close 900 stores. Lynch said Wednesday the company has closed 851 so far. CVS Health Corp. still runs one of the nation’s largest drugstore chains and a huge pharmacy benefit management business that operates prescription drug coverage.
In 2021, CVS Health announced that it would close around 900 stores between 2022 and 2024. “Our industry faces continued disruption, regulatory pressures and evolving consumer needs and ...
CVS Health is slated to lay off 90 New Jersey employees across the state in January, according to a notice filed with state regulators. The move comes as part of a companywide restructuring, said ...
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