CVS sat on a wall. CVS had a Great Fall. All of KLs B—t kissers and DEI appointees couldn’t put CVS back together again. Wall Street got the message. Retail Pharmacy is in the tank. Benefits are all red ink as far as the eye can see. The junk in the... — read more 

I know those who were laid off might not feel lucky right now, but being out of this hellhole? It's guaranteed to turn into a positive thing down the road.

At the moment, I am employed by Aetna Medical Economic Unit (MEU for IFP/Commercial). If I put in my two-week notice and tell them that I am leaving for Cigna or Unitedhealth, would I likely be asked to leave right away and log out of my computer the... — read more 

Raises and bonuses will be frozen until 2027 in an effort to help the company meet its financial obligation to shareholders. This will be in addition to the 15k layoffs.

Why should I try? Nothing I do will have a measurable effect on the company. And whether I work hard or not will not determine whether I am laid off or not. All lay off decisions are broad strokes by people who have never met me or anyone

Clench up ur button cheeks, folks.. DJ has free reign to push Board agenda of MASSIVE cuts which are already in motion.. turmoil and extreme measures to save the sinking ship in play and y'all n----ahz be the first tossed overboard..

We already knew the budget cuts were happening but the increasingly positive spins of layoffs at this company are getting ridiculous. “Here's where I need your help: we must deliver every day. It is no secret that our industry faces significant and... — read more 

As more CVS/Aetna layoffs loom, some CT lawmakers want more info from company https://www.ctinsider.com/business/article/cvs-aetna-hartford-ct-layoffs-warn-act-tony-hwang-19830259.php

Those are the emotions I've been circling through since I was laid off. How do people get used to this? How do you get over it?

Last week the Top-Level Leadership decided to halt 401K Matching for the next two years (Until the end of 2026) as a cost-saving measure. Discussion Points Covered: • Cut Stock dividend to $0.665 from last year $2.26 per Share • Cost Savings:... — read more 

Wait, I have no prescriptions to transfer, since I am no longer medicated as I no longer work for CVS.... Ok, I ordered some Advil from Amazon for 1/4 the cost of CVS. What does this have to do with layoffs? Everything.

KL is not entirely out of the picture. The memo from KL didn’t specify that she was leaving, stepping down, or retiring. She expressed gratitude for everyone’s support and wished for future success. No news articles provide a clear narrative of what... — read more 

@pbo+1v5k8aXF The strange dynamic with the change in leadership is Roger Farah was named “Executive of the Board of Directors” and David Joyner is the “CEO” and not “Executive CEO”. This means Roger Farah is running the company and making the... — read more 

Anyone know what the town hall is about? Since yall know the layoff numbers lol

Fortune pretty much lays it all out. The wins, the loss, the good, the bad, and the change management. https://fortune.com/2024/10/19/what-went-wrong-at-cvs-karen-lynch-ceo-stock-price/

Is DDAT over or under staffed ?

I spoke to my SVP and they said there will be 30,000 layoffs in the next 2 years.

It has been confirmed that David Joyner has been assigned to oversee an additional 15,000 layoffs over the next two years, in conjunction with leading automation initiatives aimed at generating $2 billion in savings. My SVP, who was my mentor and... — read more 

Qtr3 financial report to include 5000 additional layoffs effective 1-1-25.. no sectors mentioned specifically, but not surprisingly likely Aetna Medicare, including clinical, service and other directly employed as CVS Health continues to move toward... — read more 

Did anyone else have an issue with network access being removed even though your last day was months away ? Also did not receive an email to return CVS equipment. My manager did not receive anything also.

So the rumors are flying around how retail is going to be changing. Word is DSPLs and DSTMs are out and possible realignment in field team to reduce DL head counts. Does anyone have the inside scoop?

If you think things have been tough the last few years, you ain’t seen nothing yet. Deeper cuts both in corp and retail store. Everything will be on the table from employee compensation and equity to reduced inventory in stores. Employee engagement... — read more 

Someone posted a comment that they felt that Glenview was in no position for a big move. I guess they were wrong, Glenview wanted change and they got it. It must've been quite a meeting. I'm guessing they wanted Karen out and she fought it and... — read more 

The major criteria for layoffs have been the cost of the employee. There is a reason why some people cost more than others - competence and experience, to name a few. So we continue to shed people we actually need. Furthermore, a company will not be... — read more 

Gone kaput vanished

Something to ponder. They will reduce people yet keep a corporate airplane. There's not one thing we do that is that time sensitive. Not one. So they don't make "hard choices ". They keep comfort. Remember we are just a number. No more no less. — read more 

If you thought we were f---ed before, we just entered a whole new world of pain.. 15k layoffs on the horizon..

https://www.cnbc.com/2024/10/18/cvs-to-replace-ceo-karen-lynch-with-exec-david-joyner.html

He's going to clean house worse than Karen. Used to work for him and he's not good to work for, at all

Who’s steering that Aetna ship? No mention of it in DJ’s email?!

Karen is out and David is back in!

It finally happened, Karen Lynch is out. We all knew this was coming.

This is for people who were laid off….how much was your salary?

How are they deciding? To me it looks like age based everywhere I see. Only top performers are left in CVS

Were these based on performance or who is most expensive? Also, did management have any say or was this all HR?

https://www.npr.org/2024/10/16/nx-s1-5154129/cvs-and-walgreens-closing-stores-why

So, I have a colleague who just got notified today they're laid-off. This person is on the tech side and it came as a complete surprise. Smart intelligent and experienced bo-m just gone. Everyone who's heard is completely surprised. I also didn't see... — read more 

With all this talk about breaking up the company, we're like spending almost a billion on this super app for Aetna and CVS, it's like wasted money - will he be the first to go? Heads should roll for sure

In the financial world we call it Lipstick on a Pig or worse. Pretty much the idea of make something not good look good to sell a company or let some people at the top get out with more money before it falls apart. All temporary. Layoffs in RI and... — read more 

Saw that a bunch of folks were older, white and were veterans as well