A CVS Pharmacy in Washington, D.C. is shown in this image. CVS Health is planning to cut 5,000 jobs as part of its efforts to expand its healthcare offerings and reduce costs. This move comes as the company aims to prioritize investments in care delivery and technology. Despite the layoffs, CVS assures that customer-facing roles will not be affected. Affected employees will receive severance pay, benefits, and outplacement services. The news of the job cuts was initially reported by The Wall Street Journal and coincides with CVS’s upcoming second-quarter earnings report. CVS, which operates numerous retail locations and walk-in clinics across the country, has been increasingly focusing on healthcare in recent years, following similar strategies by competitors like Walgreens and Amazon. This shift includes significant acquisitions in the healthcare sector, such as Signify Health and Oak Street Health.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
