CVS Health Corp lays off 632 employees in Rhode Island, part of a plan to cut 2,900 jobs nationwide and save $2B.
CVS Health Corp will lay off 632 employees in Rhode Island as part of a broader initiative to cut 2,900 jobs nationwide, aiming to save $2 billion. The layoffs, affecting primarily corporate roles, will begin on December 8. This decision follows ongoing industry challenges and aims to adapt to rising healthcare costs. Front-line positions in stores and pharmacies will remain unaffected. Affected employees will receive severance and outplacement services.
October 07, 2024
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