Signify Health cutting nearly 500 employees

Fresh off rumors it could be acquired by CVS Health, Signify Health is laying off nearly 500 employees, beginning Oct. 1.

The value-based care technology company notified the Connecticut Department of Labor it planned to cut 489 employees, including 147 who work in one of the company’s five offices and 342 who work remotely.

The letter was sent as a requirement of the Worker Adjustment and Retraining Notification Act. Signify, which has an…