CVS Health to Slash 2,900 Corporate Jobs

CVS Health is trimming its workforce, announcing plans to cut 2,900 jobs as part of a broader cost-cutting initiative. The layoffs will primarily hit corporate roles, with the pharmacy giant focusing on streamlining its operations amid shifting business priorities.

With over 300,000 employees across its various sectors, this decision impacts about 1% of CVS’s total workforce. While retail operations appear largely unaffected for now, the corporate restructuring signals that the company is making strategic adjustments to stay competitive in an evolving healthcare landscape.

As the healthcare sector faces rising costs and changing consumer behaviors, CVS joins the list of major corporations opting to downsize. This move could be a precursor to deeper changes within the company’s overall business model, as it navigates an increasingly challenging market.