CVS Health Corp.’s layoffs to hit CT for a second consecutive year. Nearly 100 local jobs to be cut.
In a filing with the state labor department, CVS said the 93 layoffs in
CVS did not immediately respond to an inquiry seeking the total employment at the sprawling
Together, the jobs in
The layoffs are part of CVS’ plans, announced last week, for slashing 2,900 corporate jobs nationwide, as it seeks to cut
“All employees who will be terminated as a result of this action have been notified of their specific separation dates and that their separation from employment will be permanent,” according to the filing with labor department.
The jobs range from managers and analysts to underwriters and administrative assistants, according to the 14-page filing.
The latest round of layoffs at
When CVS acquired
CVS said it counts remote workers in the
CVS has grown into a health care giant with its massive chain of pharmacies, health insurance, Medicare-focused physician care in neighborhood clinics and a pharmacy benefit manager. PBMs manage drug plans and influence medication prices and distribution.
But in August, CVS cut its full-year outlook for profits and launched a new plan to cut the
Lowering expenses will help the health care giant to invest in new technologies that will help CVS remain competitive in the marketplace, CVS said.
CVS said the 2,900 layoffs nationally represent less than 1 percent of the 300,000 that the health care giant employs across the country. CVS said last week it prioritized where it could cut costs, including closing open job postings.
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