CBS News reports that one of Illinois’ leading pharmacies is set to cut costs by parting ways with nearly 3000 employees, which will undoubtedly significantly impact their business operations and future strategies.
This significant move will see CVS reducing about 1% of its workforce, while Walgreens plans to close up to 25% of its stores. These drastic measures respond to the challenges posed by “inflation-weary customers.”
Like Walgreens, CVS blames consumer “needs and expectations” for the layoffs.
The layoffs, expected to affect corporate roles primarily, will not impact front-line jobs in stores, pharmacies, and distribution centers…