CVS Health Eliminating 5,000 Jobs

CVS Health is eliminating thousands of “non-customer facing positions” across the company, a spokesperson told Becker’s. 

The Woonsocket, R.I.-based company is eliminating jobs as “part of an enterprise initiative to reprioritize our investments around care delivery and technology.” Five thousand jobs are affected.

The company did not specify the number of vacant jobs that will be eliminated and employees who will be laid off, but a spokesperson did note that no changes are expected to affect “customer-facing colleagues in CVS stores, pharmacies, clinics or customer services centers.” Affected employees will be notified in coming weeks. 

CVS Health noted it is reducing expenses, which is in line with its plans to slow its acquisitions and wind down clinical trials. Read more.

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