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Layoffs announced at CVS
CVS to cut more than 630 jobs based at its Rhode Island headquarters
Only 153 of the terminated employees work at the Woonsocket headquarters or surrounding facilities while the remaining affected employees work remotely, reporting to leaders in Woonsocket.
NEW: CVS to Lay Off 632 - Files Notice With Rhode Island Dept. of Labor and Training
The Woonsocket-headquartered company filed its required “Worker Adjustment and Retraining Notification” (WARN) letter with the Rhode Island Department of Labor and Training, which was posted on Monday. CVS wrote the following:
Layoffs announced at CVS, over 600 RI-based jobs impacted.
According to the notice, the layoffs will be effective between Dec. 8 through Dec. 21, 2024. CVS previously said it would cut 2,900 mostly corporate jobs Last week, CVS Health confirmed it planned to cut 2,
CVS to lay off 632 people employed out of RI as board mulls breaking up company
The company announced on Sept. 30 it was laying off nearly 3,000 people nationally as it seeks to cut $2 billion in expenses and explores breaking up the company.
1h
More than 80 R.I. residents to lose jobs as part of CVS layoffs
More than 600 employees who work out of CVS Health’s Woonsocket headquarters, including 80 state residents, will lose their ...
19h
on MSN
CVS is under pressure and considering a breakup. Here's why that could be risky.
CVS risks losing customers and revenue if it splits up its vertically integrated business segments, which includes health ...
2d
Billionaire Investor Pushes for Changes at CVS. Is Now the Time to Buy the Stock?
Billionaire investor Larry Robbins of hedge fund Glenview Capital Management has taken a large stake in healthcare company ...
2h
Car slams into Ambridge CVS
A car slammed into a CVS in Ambridge Monday. Beaver County 911 said crews were called to the 300 block of Eighth Street for a ...
5d
Glenview Capital: We Don’t Want CVS Health Broken Up
Glenview Capital Management — a hedge fund that has been subject of certain media reports that it was pushing CVS Health ...
fingerlakes1
2d
What’s next for pharmacy giant CVS? Breakup possible, but challenges remain for business
The company has already initiated a $2 billion cost-cutting plan and laid off 3,000 employees, but it faces ongoing ...
6d
on MSN
CVS Health to lay off nearly 3,000 workers primarily in 'corporate' roles
CVS Health is laying off nearly 3,000 "primarily corporate roles" in a cost-cutting move, the company confirmed to USA TODAY ...
6d
on MSN
Struggling CVS slashing nearly 3K jobs: ‘Industry faces continued disruption’
The job cuts will not affect front-line jobs in CVS stores, pharmacies or distribution centers, a spokesperson said.
In Depth
6d
In Depth
Exclusive: CVS explores options including potential break-up, sources say
CVS Health is exploring options that could include a break-up of the company to separate its retail and insurance units, as ...
1d
Does This New Development Make CVS Stock a Buy or a Sell?
Overall, the new announcement pushes CVS toward being a stock worth selling rather than buying. None of the newly announced changes will enable the company to transition into an actual strategy that ...
3d
on MSN
CVS Stock Can Gain 35% From Here, Analyst Says. Here’s How.
CVS Health stock climbed Friday after an analyst predicted strong earnings growth in 2025, driven partly by its Medicare ...
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