CVS is facing a challenging market due to the rise of online shopping and competition from large retailers, leading to the decision to lay off 2,900 employees.
In an effort to save $2 billion, CVS Health is cutting costs through layoffs while investing in technologies that enhance operational efficiency in a disruptive industry.
The spokesperson noted, 'Our industry faces continued disruption, regulatory pressures, and evolving consumer needs,' which contributed to the difficult decision for layoffs.
The company is also considering breaking up its retail and insurance units to better adapt to the changing market landscape and address ongoing financial pressures.
Collection
[
|
...
]