As CVS Adds More Healthcare Services, 5,000 Job Cuts and Restructuring Ahead
August 2, 2023
CVS Health is planning to cut 5,000 jobs across the country as it focuses on adding healthcare services to its stores and medical care provider networks. The retail drugstore giant, which recently completed acquisitions of Oak Street Health and Signify Health, aims to reprioritize investments around care delivery and technology. The job cuts are part of CVS’s cost-cutting plan to adapt to new consumer health needs and expectations, while rival Walgreens is also shedding jobs as it invests billions in healthcare initiatives.
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