CVS to cut 150 jobs, 70 in Rhode Island

(AP Photo/Wilfredo Lee)

WOONSOCKET, R.I. (WPRI) — Following a company-wide evaluation, CVS Health announced plans to cut 150 jobs Friday.

According to a spokesperson for CVS, about 70 of the positions are at the company’s headquarters in Woonsocket. The layoffs will take place in December.

“CVS Health continually reviews its operations in all of its markets and facilities across the U.S. to enhance efficiencies and ensure the company remains in the best competitive position to improve the health outcomes of its patients and clients while lowering their overall health costs,” the company said in a statement Friday.

The spokesperson said the impacted employees have already been notified, and CVS is working with them to apply for other positions within the company. Those who are not placed in other positions will be eligible for a transition package to cover basic finances.

CVS Health employs more than 200,000 people nationwide, including 7,000 in Rhode Island.

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