CVS to lay off nearly 3,000 employees
Woonsocket, Rhode Island (WPRI) — CVS Health plans to lay off about 3,000 employees nationwide, a company spokesperson confirmed Monday. CVS spokesperson Mike DeAngelis said in a statement to Nexstar's WPRI that the pharmacy giant is cutting 2,900 jobs due to “ongoing disruption, regulatory pressures, and evolving consumer needs and expectations.” Ta. “It is important […]
Hedge fund mogul Larry Robbins seeks overhaul at struggling CVS: report
According to reports, hedge fund tycoon Larry Robbins met with executives of struggling drugstore chain CVS on Monday to discuss a revitalization plan that the Glenview Capital founder hopes will improve the company's operations. He plans to present it. Mr. Robbins, 55, made his name in 2012 by betting on health care companies he thought […]