CVS Health
About CVS Health
CVS Health is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a managed healthcare company. It is one of the largest companies in the United States, with total revenue of $292.1 billion in 2022 and a net income of $14.6 billion. CVS Health employs over 300,000 people worldwide.
CEO: Karen Lynch
Year Established:
1963
Last Year's Revenue (in billions):
$292.10
Stock Symbol: CVS
Headquarters Location:
Woonsocket, RI
*As of 2023-11-20
Recent Layoff Information
Layoffs This Year
Layoffs Past 5 Years
Compared to Sector
Compared to Sector As a Percentage (layoffs/employees)
Are More Layoffs Expected?
CVS Health has not publicly announced any plans for layoffs in the next year. However, the company has been undergoing a period of restructuring and cost-cutting, which could lead to layoffs in the future.
In August 2023, CVS Health announced plans to eliminate 5,000 corporate jobs as part of a broader effort to "reprioritize" its investments around care delivery and technology. The company said that the layoffs would affect non-customer-facing positions across various business units.
While CVS Health has not made any specific statements about future layoffs, the company's recent restructuring and cost-cutting measures suggest that there is a possibility of more layoffs in the next year. The company's financial performance and overall economic conditions could also influence future decisions.
Reason for Layoffs
To simplify the company's structure and reduce costs.
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[1]Layoff totals are the totals over the past year and not most recent round of layoffs. Totals will not be exact as it is not possible to track at that level of detail in real time. All information is gathered from SEC filings, WARN notices, news articles, social media posts, and users who post on our site. Layoffinsider uses various ai tools to help gather the data which is then reviewed by humans and cross checked for validity. If you suspect there is incorrect data then please reach out to us for prompt investigation. We want to be the number one trusted source for tracking layoffs.
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