CVS Health Says It Will Reduce Its Workforce By Less Than 1%, Or About 2,900 Workers, As Part Of Previously Announced Cost-Savings Initiative
Portfolio Pulse from Benzinga Newsdesk
CVS Health plans to reduce its workforce by less than 1%, equating to approximately 2,900 employees, as part of a cost-saving initiative previously announced.
October 01, 2024 | 4:00 pm
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CVS Health is reducing its workforce by about 2,900 employees, less than 1% of its total workforce, as part of a cost-saving initiative. This move is part of a previously announced strategy to improve financial efficiency.
The workforce reduction is part of a previously announced cost-saving initiative, suggesting it was anticipated by investors. The impact on the stock price is likely neutral as the market may have already priced in these changes.
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