CVS to lay off 5,000 employees as it seeks to cut costs

A CVS pharmacy in Pinole, California, US, on Tuesday, July 18, 2023. Photographer: David Paul Morris/Bloomberg via Getty ImagesRhode Island-based pharmacy giant

told FOX Business in a statement that it is eliminating "a number of non-customer facing positions" throughout the company. CVS said it doesn't expect the cuts to impact any of its customer-facing employees who work within its stores, pharmacies, clinics or customer service centers. "Our industry is evolving to adapt to new consumer health needs and expectations," a CVS spokesperson said. "As part of an enterprise initiative to re-prioritize our investments around care delivery and technology, we must take difficult steps to reduce expenses."CVS, WALMART CUT PHARMACY HOURS AS PHARMACIST SHORTAGE PERSISTS"Throughout our company’s history, we’ve continuously adapted to market dynamics to lead the industry," the spokesperson added.

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