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CVS to lay off 2.9K 'primarily corporate' roles

By Fox 61 Connecticut  
   October 01, 2024

CVS Health said Monday that they are planning to lay off 2,900 employees nationwide, including Hartford-based health insurer Aetna, saying they'll be able to share more detail on the impact in Connecticut after the corporation files official notice with the Department of Labor. CVS spokesperson Mike DeAngelis said the company is planning on the job cuts as part of a plan to increase cost savings by $2 billion over the next several years through "reducing expenses and investing in technologies to enhance how we work." The company previously noted that those technologies included more "artificial intelligence and automation." "To achieve this goal and position for sustainable growth, we will reduce our workforce by less than 1 percent- approximately 2,900 colleagues across CVS Health," DeAngelis said. "Impacted positions are primarily corporate roles. The reductions will not impact front-line jobs in our stores, pharmacies, and distribution centers."

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