CVS to Cut About 5,000 Jobs in Cost-Reduction Push, WSJ Reports

CVS Health Corp. said it would cut about 5,000 jobs to help reduce costs, with most of the roles corporate positions, the Wall Street Journal reported . The Rhode Island-based pharmacy chain doesn’t expect customer-oriented roles in its stores, pharmacies and clinics to be affected, the newspaper reported, citing a company statement. The cuts will let CVS “be at the forefront of a once-in-a-generation transformation in health care,” Chief Executive Officer Karen Lynch said, according to a staff memo the newspaper said it had reviewed. Employees impacted are to receive...