About 2,900 jobs will be eliminated — less than 1% of the company's total global workforce — and most of the affected jobs are in corporate roles. Front-line jobs in stores, pharmacies, and distribution centers won't be affected, CVS said Monday, while adding that most affected employees will be notified this week.

CVS Health announced Tuesday the pharmacy chain will lay off nearly 3,000 workers as part of cost-saving efforts, but the job cuts primarily will be in "corporate" positions, the company said.