CVS Health will lay off 72 employees tied to its Aetna business after the company was not selected for a new contract to support beneficiaries dually eligible for Medicare and Medicaid in Ohio.
In a notice filed with the Connecticut Department of Labor, CVS Health said the job cuts are related to the Next Generation MyCare Ohio Program, which Aetna will no longer administer after the current contract ends.
The layoffs are expected to occur between Dec. 31, 2025, and March 31, 2026, and are expected to be permanent. The affected employees work remotely but report to managers based at the company’s Hartford, Conn. office.
In a statement to Becker’s, a CVS Health spokesperson said that while 72 positions are affected, none of the employees work in Connecticut.
“This notice includes roles that are impacted due to the loss of that contract,” a CVS spokesperson wrote in the emailed statement. “We are committed to supporting these colleagues, who will receive severance pay and benefits, including access to outplacement services.”
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