CVS Health is eliminating approximately 600 positions located primarily at its corporate facilities in Arizona, Illinois and Rhode Island by the 2016 year end. The company cites changing market dynamics and the increasingly competitive environment as the influences requiring it to operate more lean and efficiently.
CVS Health senior director of corporate communications, Michael DeAngelis, says the decision allows the company to “focus roles and resources on driving the greatest value for our business, while maintaining customer satisfaction.”
DeAngelis adds: “CVS Health continually reviews its operations in all of its markets and facilities across the U.S. to enhance efficiencies and ensure the company remains in the best competitive position to improve the health outcomes of its patients and clients while lowering their overall health costs.”
CVS Health employees whose positions are being affected by the job cuts will be given an opportunity to apply for other positions. Those who do not find new positions at the company will receive a transition package, covering financial and health benefits, outplacement support and career counseling.
CVS Health employs more than 240,000 people across the United States.
[Image courtesy of CVS Health]