<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=198zJG_0vtFtBhy00" alt="https://img.particlenews.com/image.php?url=198zJG_0vtFtBhy00" width="980" height="653" ><figcaption>Evan Paul</figcaption></figure><p><a href="https://tasteofcountry.com/tags/retail/">Times are tough for many businesses</a> and their workers this year, and CVS is the latest to announce cost-cutting measures that include <a href="https://www.cbsnews.com/news/cvs-health-layoffs-2900-job-cuts/">laying off 2,900 employees</a> of its healthcare business.</p><p>A CVS spokesperson told <a href="https://www.cbsnews.com/news/cvs-health-layoffs-2900-job-cuts/">CBS</a> that the cuts represents about 1 percent of the CVS Health workforce and are part of a goal to reduce costs by $2 billion.</p><h2>Why CVS Health is Laying Off 2,900 People</h2><p>You know the old saying, stuff just rolls downhill. The reason that CVS has decided to cut almost 3,000 jobs is simple. It's apparently due to them having to pay more money to operate and getting less money in revenue.</p><p>According to a <a href="https://www.forbes.com/sites/brucejapsen/2024/10/01/cvs-health-to-cut-2900-jobs-but-mum-on-potential-break-up/">memo released</a> to employees, <a href="https://www.cvs.com/">CVS</a> says, "Our industry faces continued disruption, regulatory pressures, and evolving consumer needs and expectations, so it is critical that we remain competitive and operate at peak performance."</p><p>CVS isn't the only pharmacy struggling this year; Walgreen's also announced cost-cutting measures, including <a href="https://tasteofcountry.com/walgreens-store-closings-2024/">store closures</a>, in 2024.</p><p>CVS claims that the cuts will mostly be those on a corporate level, saying, "The reductions will not impact front-line jobs in our stores, pharmacies and distribution centers."</p><p>According the CBS report, the company added that employees whose jobs are cut will be notified this week and will receive severance pay and benefits as well as access to outplacement services.</p><p>CVS Health not only owns CVS drug stores, they also own <a href="https://www.aetna.com/">Aetna Health Insurance</a>. <a href="https://www.wsj.com/health/healthcare/cvs-considering-a-break-up-will-find-its-hard-to-do-0e336c65">Rumors</a> have been swirling that CVS might break up the companies into separate footprints, but that has yet to be confirmed.</p><h2>Country Stars Who Are Living With Serious Health Conditions</h2><p>Carly Pearce, Mark Chesnutt and Colt Ford have all made headlines recently for serious medical problems, but they are not the only country stars living with chronic illness.</p><h2>'Duck Dynasty': What Happened to the Kids?</h2><p><a href="https://tasteofcountry.com/tags/duck-dynasty/">Duck Dynasty</a> was centered on the lives of Willie, Si, Phil and Jase Robertson, but their respective children and grandchildren became breakout stars, too. Here is what each of the Dynasty children have been up to since the A&amp;E reality show ended in 2017. There are marriages, career achievements and babies — <i>so many babies.</i></p></div></body>

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CVS Just Laid Off 2,900 People — Here’s Why They Did It

Times are tough for many businesses and their workers this year, and CVS is the latest to announce cost-cutting measures that include laying off 2,900 employees of its healthcare business. A CVS spokesperson told CBS that the cuts represents about 1 percent of the CVS Health workforce and are part...