Express Scripts, the nation’s largest pharmacy benefits manager, will lay off 400 employees across the U.S., including 90 in the St. Louis area, the company said Wednesday. Company spokesman Brian Henry said the move was a response to lower prescription volumes and a loss of clients.
St. Louis-based Express Scripts last week reported stagnant revenue of $25.8 billion for its most recent quarter. But the company remained profitable, reporting net income of $582.3 million in the three months ended Sept. 30, up 36 percent over the prior-year quarter.
Henry cast the move as a reallocation of resources to help Express Scripts better address client needs. He said the cuts affect “all areas of the company.”