WOONSOCKET, R.I. (AP) — A spokesman for CVS Health says the drugstore chain and pharmacy benefits manager is laying off 150 people.

Michael DeAngelis said Friday that the company has informed the workers it is eliminating their jobs in December. Seventy of the job cuts are at the company’s headquarters in Woonsocket.

CVS Health operates the nation’s second-largest drugstore chain and one of the largest pharmacy benefits management businesses.

It said last month its forecast for 2016 earnings was well below what Wall Street expected. Still, its third-quarter revenue of $38.64 billion was up 10 percent from the same quarter in 2014. Operating profit of $2.33 billion was up nearly 4 percent.

CVS Health runs 7,911 drugstores and employs more than 200,000 people, including 7,000 in Rhode Island and 4,300 at the Woonsocket headquarters.