CVS to layoff nearly 3,000 people Boston 25 News [Video]

Pharmacy chain CVS Health announced it will be laying off nearly 3,000 employees. Most of the positions will come from corporate.

Mike DeAngelis, executive director of corporate communications for CVS told USA Today, “Our industry faces continued disruption, regulatory pressures, and evolving customer needs and expectations, so it is critical that we remain competitive and operate at peak performance,” as the reason behind the job cuts.

He said that CVS “prioritized cost savings everywhere we could” before deciding to lay off workers. DeAngelis said the staffing cuts “will not impact front-line jobs in our stores, pharmacies, and distribution centers.”

CNN reported that drug stores across the county are having difficulty because the amount they get reimbursed for prescription drugs is lower than in the past.

In all, 2,900 people will lose their jobs or less than 1% of employees.

This was not the first time CVS had reduced staffing. Last year it …