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CVS Health to lay off nearly 3,000 workers
CVS layoffs: Pharmacy to cut 2,900 workers amid breakup rumors, AI tech investments
The drugstore chain has struggled in recent years with rising prescription drug costs and dollar store competition. CVS plans to lay off 2,900 workers, the company announced this week. The move comes as the pharmacy has been struggling with costs in a tough economy,
CVS lays off 2,900 workers in cost-cutting move. Here's what to know.
CVS said it is cutting 2,900 workers, or about 1% of its workforce, as part of an effort to reduce costs by $2 billion.
CVS Health to lay off almost 3K, mainly in corporate ranks
CVS Health announced Tuesday the pharmacy chain will lay off nearly 3,000 workers as part of cost-saving efforts, but the job cuts primarily will be in "corporate" positions, the company said.
7h
on MSN
CVS is under pressure and considering a breakup. Here's why that could be risky.
CVS risks losing customers and revenue if it splits up its vertically integrated business segments, which includes health ...
1d
Billionaire Investor Pushes for Changes at CVS. Is Now the Time to Buy the Stock?
From a valuation perspective, the stock is inexpensive, trading at a forward price-to-earnings (P/E) of about 8.4 times based ...
fingerlakes1
1d
What’s next for pharmacy giant CVS? Breakup possible, but challenges remain for business
The company has already initiated a $2 billion cost-cutting plan and laid off 3,000 employees, but it faces ongoing ...
5d
Glenview Capital: We Don’t Want CVS Health Broken Up
Glenview Capital Management — a hedge fund that has been subject of certain media reports that it was pushing CVS Health ...
17h
Does This New Development Make CVS Stock a Buy or a Sell?
Overall, the new announcement pushes CVS toward being a stock worth selling rather than buying. None of the newly announced ...
8d
Workers Vote for Strike Against CVS Pharmacy in California Though Talks Set to Resume
A UFCW local said Friday an "overwhelming majority" of union's members who work at CVS authorized a strike against the ...
4d
Key CVS Health Stock Price Levels to Watch
CVS Health shares have been in the spotlight following reports that the healthcare services giant is considering separating ...
Modern Healthcare
2d
PBMs Express Scripts, OptumRX, CVS Caremark sued by Texas AG
Texas Attorney General Ken Paxton alleges several major manufacturers and pharmacy benefit managers have driven the costs of ...
3d
Why CVS Health Won’t Break Off Aetna From Its Medical Providers
Talk that CVS Health may break up its businesses would mean unraveling synergies already making the company a lot of money.
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