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CVS lays off 2,900 workers in cost-cutting move. Here's what to know.

CBS News
Summary
Nutrition label

80% Informative

CVS says it is cutting about 2,900 employees as part of a goal to reduce costs by $2 billion .

The job cuts represents about 1% of the health care company's workforce.

CVS points to "continued disruption, regulatory pressures, and evolving consumer needs and expectations".

VR Score

82

Informative language

83

Neutral language

26

Article tone

semi-formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

2

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no affiliate links