(Reuters) -CVS Health stated on Tuesday it would lay off about 2,900 workers, representing less than 1% of its laborforce, as the healthcare corporation intends to cut expenses.
The decreases, part of the business’s formerly revealed strategy, would mainly effect business functions and not frontline tasks in shops, drugstores and circulation centers, it stated.
Reuters solely reported on Monday that CVS is checkingout alternatives that might consistof a separation of the business to different its retail and insurancecoverage systems, as it looks to turn around its fortunes inthemiddleof pressure from financiers.
CVS had revealed a multi-year strategy in August to conserve $2 billion in expenses throug