More Layoffs at CVS - Dozens of Employees Will Be Let Go in June
GoLocalProv News Team
More Layoffs at CVS - Dozens of Employees Will Be Let Go in June
In its required “WARN” letter filing, the pharmacy and retail giant said that 38 employees are affected.
The location of the layoffs was listed as its headquarters — Woonsocket, RI — and the “effective date” will be June 7, 2025.
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As GoLocal reported in October 2024, “CVS’s Board Considering Splitting Up Company - 2,900 Layoffs Announced:”
In Rhode Island, CVS announced at the time that 632 employees were being laid off.
Now-former CVS spokesperson Mike DeAngelis said in October 2024: "Our industry faces continued disruption, regulatory pressures, and evolving consumer needs and expectations, so it is critical that we remain competitive and operate at peak performance. As we previously disclosed, we’ve embarked on a multi-year initiative to deliver $2 billion in cost savings by reducing expenses and investing in technologies to enhance how we work."
"To achieve this goal and position ourselves for sustainable growth, we will reduce our workforce by less than 1 percent - approximately 2,900 colleagues across CVS Health. Impacted positions are primarily corporate roles. The reductions will not impact front-line jobs in our stores, pharmacies, and distribution centers,” he added. “Before taking this step, we prioritized finding cost savings everywhere we could, including closing open job postings. Decisions on which positions to eliminate were extremely difficult and do not diminish the value that impacted colleagues have brought to the company.”
Since then, CVS was sued in by the U.S. Department of Justice in federal court in December
READ: Deeply Disturbing Claims Against CVS in U.S. Justice Dept. Lawsuit