Anyone hear about CVS laying off 1000s of Clinical Trial Services employees in the coming months?
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Yes. A notice went out today that 5,000 people will be laid off in the next several weeks.
I read layoffs are expected throughout June.... why do you say August? What departments will be affected? What percentage will be let go?
Layoffs are starting August 2023.
https://www.fiercehealthcare.com/retail/cvs-closing-down-clinical-trials-business-after-2-years
Prison?
several hundred, not thousands. But yes, shutting CTS down. Phased through end of 2023
Yes, have heard from internal sources, closing by end of year.
Yes, I heard the same
Probably better than going to prison.