CVS Health to Lay Off Nearly 3,000 Employees in Major Cost-Cutting Initiative
In a significant move to enhance its financial performance, CVS Health has announced the layoff of approximately 2,900 employees, representing about 1% of its workforce. This decision comes amidst increasing pressure from investors who are urging the company to streamline operations and reduce expenses. The layoffs will primarily affect corporate roles, as CVS Health embarks on a comprehensive strategy to cut costs and potentially reshape its business structure. The healthcare giant has faced n...