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Earlier this month, CVS said it would lay off 2,900 workers as part of a cost-cutting effort. It closed 244 stores in a four-year period and in 2021 announced plans to close an additional 900 stores .
The company announced on Sept. 30 it was laying off nearly 3,000 people nationally as it seeks to cut $2 billion in expenses and explores breaking up the company. CVS to lay off 632 people tied to ...
(Reuters) -CVS Health said on Tuesday it would lay off about 2,900 employees, representing less than 1% of its workforce, as the healthcare conglomerate aims to cut costs.
The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
CVS filed a WARN notice with the state that it intends to lay off 153 jobs based in RI and hundreds more remote jobs that report into RI.
In 2015, Lynch became Aetna's first female president, a role she retained through the $70 billion acquisition of Aetna by CVS Health in 2018. [ 11 ] During the COVID-19 pandemic, Lynch took the helm as president and chief executive officer of CVS Health on February 1, 2021, following the retirement of Larry Merlo. [ 12 ]
CVS is laying off about 5,000 employees in a cost-cutting effort, the pharmacy chain confirmed Tuesday.
On Friday, CVS Health Inc (NYSE:CVS) appointed longtime executive David Joyner as its new president and CEO, replacing Karen Lynch amid the company’s ongoing financial struggles.