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CVS Health, parent company of Hartford health insurer Aetna, recently told employees it will cut 1% of its workforce, or about 2,900 employees. 

The job cuts will mostly impact corporate jobs and are part of a broader $2 billion cost-cutting effort. 

Meantime, CVS’ board of directors is performing a full assessment of the company, which has struggled financially in recent quarters, including the possibility of breaking it up, according to the Wall Street Journal. 

This is the latest round of layoffs for CVS and Aetna. Just over a year ago, CVS said it would cut about 5,000 jobs nationwide, including hundreds of jobs at Aetna.

Would Aetna be better off being spun off as an independent company?
Poll Description

CVS Health, parent company of Hartford health insurer Aetna, recently told employees it will cut 1% of its workforce, or about 2,900 employees. 

The job cuts will mostly impact corporate jobs and are part of a broader $2 billion cost-cutting effort. 

Meantime, CVS’ board of directors is performing a full assessment of the company, which has struggled financially in recent quarters, including the possibility of breaking it up, according to the Wall Street Journal. 

This is the latest round of layoffs for CVS and Aetna. Just over a year ago, CVS said it would cut about 5,000 jobs nationwide, including hundreds of jobs at Aetna.

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