This is a typical knee-jerk reaction by CVS. Always looking for a quick short-term solution to every problem. Except all that does is cause more problems. Laying people off and cutting hours at the store level to make up for a bad financial quarter, is like putting a band-aid on a g-nshot wound. It's not going to help, and it'll only make things worse. CVS is simply just looking for a quick-fix cost cutting move, to show Wall St., they're still in control of things. Now that might give you a quick sugar rush burst of energy, like eating of bunch of candy, but what happens when the sugar high wears off? And to be fair Wall St. analysts have already started to give CVS the side eye, so obviously they're seeing the problems are slightly worse than expected. So what does cvs do? Quick, cut hours and lay people off, that'll help stabilize the ship. And once again CVS putting a band-aid on a gaping wound. We need long-term solutions, not quick fixes that do nothing but cause even more problems.
@1bez+1sCSqPvm makes a great point.