Layoff News — April 2025

2 layoff headlines from April 2025.

April 1, 2025 · The Wall Street Journal

CVS Health Slashes 2,900 Corporate Roles as Medical Costs Soar

CVS Health announced the elimination of about 2,900 corporate positions as the healthcare giant battles rising medical costs and declining pharmacy reimbursement rates. The cuts primarily affect administrative, analytics, and technology support staff at CVS's corporate headquarters. CEO Karen Lynch said the savings will be reinvested into front-line healthcare services and AI-powered pharmacy automation.

2,900 affectedView CVS Health history →

April 14, 2025 · CNBC

Carvana Lays Off 800 as Used Car Market Softens

Carvana cut about 800 employees — 8% of its workforce — as used car demand softened and high interest rates continued to deter buyers. The online used car retailer, which nearly went bankrupt in 2022, had staged a remarkable recovery but now faces a new round of headwinds from tightening consumer credit. CEO Ernie Garcia said the cuts are designed to protect the company's improved margins.

800 affectedView Carvana history →