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The news was given through a statement distributed to American media, such as cnnwhich quotes the following from the writing: “We have embarked on a multi-year initiative to achieve $2 billion in savings by reducing expenses and investing in technologies to improve the way we work,” said the CVS Health spokesperson.
“The affected positions are primarily corporate positions. The reductions will not affect front-line jobs in our stores, pharmacies and distribution centers,” the spokesperson added in the cited statement.
Layoff announcement comes weeks before CVS Health releases its quarterly earnings reportwhich will hold a conference call with analysts and investors on Wednesday, November 6, 2024.
CVS Health had already laid off 5,000 employees in the United States last year
This would not be the first time that the popular pharmacy chain has carried out a mass layoff, since In 2023, the company reported the reduction of 5,000 employees, according to The Wall Street Journal.
On that occasion, according to the aforementioned media, CVS Health justified the layoffs by sharpening its focus on health care services. Likewise, after that news The pharmacy chain assured that it would support its affected employees for the cut with “a severance package, benefits and help getting a new job somewhere else.”
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