CVS Health Layoffs to Impact 2,900 U.S. Employees
CVS Health Layoffs to Impact 2,900 U.S. Employees
CVS Health Layoffs to Impact 2,900 U.S. Employees
News summary

CVS Health has announced the layoff of 416 employees from its Hartford-based Aetna unit as part of a broader move to cut 2,900 corporate jobs nationwide. This decision is driven by CVS's strategy to save $2 billion over several years amid rising medical costs and industry disruptions. The layoffs, scheduled between December 8 and 21, will affect 93 on-site employees and 323 remote workers associated with the Hartford office. While CVS's corporate roles are primarily impacted, front-line jobs in stores, pharmacies, and distribution centers remain unaffected. The company is also laying off 632 employees in Rhode Island, comprising both in-person and remote staff, as part of the same cost-cutting initiative. Affected employees will receive severance pay and outplacement services to assist with their transition.

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