CT company launches new round of layoffs. Here’s how they affect the state. - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Health/Employee Benefits News
Newswires RSS Get our newsletter
Order Prints
October 22, 2025 Newswires
Share
Share
Post
Email

CT company launches new round of layoffs. Here’s how they affect the state.

Kenneth R. Gosselin, Hartford CourantHartford Courant

Seventy-two people will be laid off.

It comes as CVS Health is laying off dozens of employees that report to the Hartford headquarters of its Aetna health insurance business, a round of job cuts touched off by the loss of a contract involving government health care programs for seniors.

CVS said it would layoff 72 workers after losing a contract for its Aetna Medicare Medicaid Program in 2026, affecting employees that are working remotely in three states — Michigan, Ohio and Kentucky, according to a notice filed recently with the Connecticut labor department.

The majority of the jobs — 44 — are listed as “case manager RN — field” and are located in Ohio. The layoffs are expected to become effective between Dec. 31 and March 31.

The job cuts are expected to be permanent. None of the remote workers losing their jobs are based in Connecticut, but they do report to managers at Aetna’s headquarters at 151 Farmington Ave. in Hartford.

In a statement Tuesday, Woonsocket, R.I.-based CVS said it was told in late 2024 by the Ohio Department of Medicaid that Aetna was not selected for a new contract to support beneficiaries dually eligible for Medicare and Medicaid.

The coverage was provided through the state’s Next Generation MyCare Ohio program.

The layoffs are another in a string of CVS job cuts affecting Hartford, either directly or indirectly.

In April, the health care giant said it would cut 55 jobs — all but one living outside of Connecticut but reporting to the Aetna headquarters in Hartford. Those layoffs were tied to the winding down of its Aetna CareFree line of business. Aetna CareFree offers Medicare plans and services to agents who sell health insurance.

The layoffs follow a sweeping announcement in September, 2024 that CVS planned to slash 2,900 corporate jobs nationwide, as it struggled with rising medical costs and shifted its focus to its core, or mainstay businesses.

Since that announcement, layoffs of hundreds of employees locally — a mix of those working in Hartford and those reporting to the Aetna headquarters — have been disclosed to the state labor department.

Despite the employment reductions, Aetna has said publicly to its committed to maintaining a corporate presence in Hartford and throughout the state of Connecticut.

Here is the breakdown of the layoffs and where they are located:

Sen. Tony Hwang, ranking senator on the legislature’s Insurance and Real Estate Committee, and Sen. Stephen Harding, said in a statement about the layoffs, “This drip, drip, drip of significant job losses continues to be troubling.

“This is the second time this year that CVS Health has notified Connecticut of layoffs affiliated with the Aetna facility in Hartford,” the senators said. “In order to get its takeover of Aetna approved in 2018, CVS promised to maintain 5,291 jobs at Aetna for at least four years. What’s that number today?”

“In the interests of transparency, CVS should disclose its current employee headcount in Hartford.”

Kenneth R. Gosselin can be reached at [email protected].

©2025 Hartford Courant. Visit courant.com. Distributed by Tribune Content Agency, LLC.

Older

Christopher Howard: Selective demolition of health insurance will hurt Virginia

Newer

Commentary: Health care cuts will push ERs past the brink

Advisor News

  • Why advisors should offer retirement-longevity planning
  • A hybrid approach outperforms the 4% Rule, researchers find
  • The missing piece in most retirement plans
  • Clients are bringing TikTok insurance advice into advisor meetings
  • Embracing a family-centric approach to financial planning
More Advisor News

Annuity News

  • The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
  • Cayman Islands premier to meet with U.S. reinsurance regulators
  • Investigation finds deceptive sales, churning of annuities targeting postal workers
  • Corebridge annuity sales slip ahead of Equitable marriage
  • California teachers settle class-action lawsuit over in-plan annuity fees
More Annuity News

Health/Employee Benefits News

  • Sand says he’d undo private Medicaid management on Day 1
  • Johnson County eyes property tax rate increase
  • Health insurance rates expected to climb again for Minnesotans in 2027
  • Sources say Mangione expected to plead guilty
  • Bartholomew County's uninsured adult rate cut in half over 14-year span following Obamacare
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of PT KB Insurance Indonesia
  • Westaim Reports Q2 2026 Results for the Quarter Ended June 30, 2026 and Leadership Update for Ceres Life Insurance Company
  • Bismarck man convicted of insurance fraud involving dead wife sentenced to prison
  • Insurers, rating firms push back on NAIC credit rating oversight plan
  • The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
  • Royal Neighbors Unveils Its 2026 Scholarship Recipients 2026 Royal Neighbors Scholars Making a Difference Across the Country
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet