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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.
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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Read HereThis special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
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