(Bloomberg) -- CVS Health Corp. plans to cut roughly 2,900 jobs to reduce costs, the health-care company said, as it conducts a strategic review of its operations that includes a possible breakup.
Corporate roles will be the main focus, a CVS spokesperson said Tuesday. None of the job losses will involve front-line workers at the company’s stores, pharmacies or distribution centers, they said.
CVS is evaluating a possible separation of its retail and insurance businesses, according to a person familiar with the matter. The company is facing headwinds from rising costs at its drugstore chain and medical expenses at the Aetna health insurance arm.
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