News CVS Health plans to shed 5,000 jobs across the country comes in the wake of the retail drugstore giant’s billions of dollars in spending to add healthcare services to its stores and medical care provider networks.
Several news outlets including the Wall Street Journal Monday night reported that the drugstore giant, which has more than 300,000 employees across the country, would be notifying the 5,000 impacted employees in the coming weeks, according to a memo sent to workers on Monday. In the memo, CVS stated the company is “evolving to adapt to new consumer health needs and expectations.”
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