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International Business Times
International Business Times
Business
Ann Resuma

CVS Health To Eliminate Almost 3,000 Jobs To Cut Costs

CVS Health CVS
A workers stocks the shelves in a CVS pharmacy store on February 07, 2024 in Miami, Florida. The company lowered its 2024 adjusted earnings forecast to at least $8.30 per share, down from a previous guidance of at least $8.50 per share. The company pointed to its medical cost trend analysis for the lower forecast. (Credit: Joe Raedle/Getty Images)

CVS Health announced on Tuesday it plans to lay off about 2,900 employees, which constitutes less than 1% of its total workforce, to cut costs.

The company says it has, "embarked on a multi-year initiative to deliver $2 billion in cost savings by reducing expenses and investing in technologies to enhance how we work."

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