The job cuts at the company add to the 5,000 or so layoffs last year.
CVS is planning to cut about 2,900 jobs in an effort to slash costs, the company said Tuesday. The job cuts at the company add to the 5,000 or so layoffs disclosed last year.CVS is planning to cut about 2,900 jobs in an effort to slash costs, the company said Tuesday.
The job cuts at the company, which runs a network of pharmacies across the United States among other businesses, add to the 5,000 or so layoffs disclosed last year. In 2021, CVS Health announced that it would close around 900 stores between 2022 and 2024. US drug store chains are struggling because of falling reimbursement rates for prescription drugs, according to analysts who cover the industry.
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