Major Hartford Employer Slashing More Jobs

HARTFORD, CT — For the fifth time since last fall and the second time this year, a Hartford-based insurer is laying off more workers.

CVS Health, the corporate operator of Hartford-based Aetna, sent a notice on April 24 to the state Department of Labor and the City of Hartford that more layoffs were assigned to Aetna's 151 Farmington Ave., Hartford, site.

According to the notice, 55 more employees are targeted for termination starting July 26.

Most of the impacted employees live outside of Connecticut, but the remote workers are assigned to the Hartford office of Aetna, according to the notice.

Of the 55 workers slated for pink slips, only two reside in Connecticut itself, according to Aetna.

The layoffs are being attributed to cuts within Aetna's "Carefree" insurance services business, according to the notice.

Aetna said none of the employees being let go are unionized and there are now "bumping rights," meaning longer-tenured staff are not being prioritized to keep their jobs.

This is the fifth wave of layoffs at the Hartford site.

Prior layoffs were:

• Jan. 17, with the termination of 13 employees.

• December 2024, with the termination of 164 workers.

• October 2024, with the termination of 416 workers.

• November 2024, with the termination of 42 employees.

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The layoffs, CVS has said, are part of a massive plan to trim $2 billion from company expenses, a byproduct of declining in-store sales nationally.

For more information on the latest layoff announcement from Aetna/CVS Health, click on this link.

From Jan. 22: 'Even More Layoffs Announced At Hartford-Based Insurer'