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If you were convinced that layoffs were an IT sector phenomenon, the pharmaceutical industry would like to have a word with you. With the excuse of restructuring and cost-cutting to back it up, CVS has announced its own layoff plans for 2024. The number of jobs being cut aren’t quite as dramatic as some of the cuts announced by other tech giants, but for the employees, a job loss is an opportunity lost, regardless of how many of their colleagues exit with them.
CVS Health, the owner of CVS Pharmacy, is expected to eliminate over 2,900 employees from its workforce