To save the company money so it has a better chance of surviving, CVS Health is slashing mostly corporate jobs, The Wall Street Journal reported. Workers at CVS stores, pharmacies, and clinics are not expected to be negatively impacted by the layoffs and store closures – except, of course, for the employees at stores that are closing.
Back in November 2021, CVS Health announced plans to close 900 stores over three years, with about 300 stores per year slated to be shuttered. After evaluating population shifts, consumer buying patterns, and future health needs – in other words, there are fewer people alive these days due to Wuhan coronavirus [Covid-19] "vaccines" from Operation Warp Speed.
"Due to the findings, the company planned to cut back on store density in certain locations and close approximately 300 stores each year over the coming three years, beginning in spring 2022," reported one media outlet about the news.
According to CEO Karen Lynch, the changes will allow CVS Health to "be at the forefront of a once-in-a-generation transformation in health care."
(Related: Earlier this year, CVS corporate told low-level employees that they are now allowed to use whichever restroom or locker room "that is appropriate to the gender they identify with.")
A staff memo reviewed by the Journal further explains that CVS Health will cut down on travel expenses and bring in far fewer consultants and vendors as part of the shift. The company is also ceasing certain business initiatives while bringing in new technologies, i.e., artificial intelligence (AI) and machine learning.
All affected employees will receive severance pay, benefits, and help with finding a new job somewhere else. Keep in mind that CVS Health will soon announce its quarterly earnings report, which based on these announcements might not be as good as investors hope.
"We’re committed to supporting our impacted colleagues, and they will receive severance pay and benefits, including access to outplacement services," said CVS Health Executive Director of Corporate Communications Mike Deangelis.
The establishment media is still claiming that corporate layoffs are minimal across the U.S. and that the economy is doing just fine. In June, the Department of Labor claimed that layoffs and discharges are as low as 1.5 million, which is low by historical standards.
These figures do not take into account the fact that many people are now having to work two, three, or even four jobs just to make ends meet as inflation soars and wages remain stagnant.
In February 2020, just prior to the official covid scamdemic declaration, there were 1.8 million layoffs followed by millions of deaths. Further, the number of new job openings remained unchanged at the end of this most recent June, which the government says is "a sign that the labor market is still tight."
"The Labor Department said Tuesday that job listings came in at 9.6 million on the last day in June, just where they were in the downwardly revised figure for the end of May," one report explains.
In the comments, someone who works at a Walgreens store in "fairly conservative Kansas" says shoplifting is off the charts and that perhaps this is the real reason why CVS is closing hundreds of its stores over the next few years.
"The CVS here was closed due to vagrants stealing everything they could," wrote another.
The latest news about the imploding U.S. economy can be found at Collapse.news.
Sources for this article include: