CVS Health Corp. will slash about 5,000 jobs in a cost-cutting move, the Wall Street Journal reported Monday night. According to the report, the layoffs are primarily in corporate positions, and the company doesn’t expect customer-facing positions in its stores, clinics and pharmacies to be affected. CVS, which had about 300,000 employees as of the end of 2022, is looking to increase productivity and is shifting its focus toward healthcare services. CVS is scheduled to report quarterly earnings Wednesday.
This article was originally published by Marketwatch.com. Read the original article here.
