Well, looky here. Corporate is admitting their inability to process claims correctly, causing much of the operational problems. Not like we’ve been saying this for a few years or anything and nobody listened. Now they want to listen. Too late but... — read more
They successfully attrited me by RTO
But I one upped them. Maybe it cost them nothing to chase me away, but I used all the time in ‘office’ to look for another job and I landed a great opportunity. Almost double the salary, barely any commute, so far it appears to be a really nice... — read more
Anyone received the equipment returned QR codes yet?
Aren't we supposed to receive the QR codes from IT within 10 days of our last working day? Otherwise how on earn am I going to return the laptop and other equipment?
RTO Compliance
Anyone hearing that those not coded as WFH and flagging as non-compliant are soon going to be termed? Hearing “its out of my hands soon” from those who are providing cover for those sneaking by and that the orders coming from above. Looking at... — read more
30%Onshore 70%Offshore
Just wanted to clarify if teams outside of Enterprise have had the same communication that company wants team structures to be 30% onshore employees and 70% offshore. Also heard they’ll be stopping all contracts with one of the consulting companies... — read more
Show us your heart, then we'll cut it out.
This place is disgusting in how they treat loyal employees like garbage. Karen is the worst ceo and that really is something given we had Larry the used car salesman.
Early retirement package
Has anyone heard any rumors about an early retirement package being offered?
Dealing with layoff fears
Lately, I’ve been waking up with this constant fear that we'll learn about more layoffs and that my job will be among them. It’s really messing with my focus and productivity. It’s hard to stay motivated when you’re always waiting for the other shoe... — read more
I’m inclined to believe they will not stop at 2900
Their only plan seems to be endless ‘rightsizing’ (as if leadership has a clue as to what a right size would be). I don’t see any other ideas at the top which would keep CVS afloat. Our business model is outdated, and there’s no other avenue but... — read more
Saturdays feel amazing not having to interact with IT contractors
What the title says
For those who want proof of additional layoffs.
https://www.reuters.com/business/healthcare-pharmaceuticals/cvs-exit-core-infusions-services-business-job-cuts-possible-2024-10-11/ With Coram significantly downsizing operations, this will probably result in layoffs and the article says these are... — read more
Unexpected 30-Minute Townhall Raises Eyebrows Among Employees
Has anyone else gotten an invite for a Company Townhall Meeting from the KL Office scheduled for 10/23/2024? What’s odd is that it’s only set for 30 minutes, while our townhall meetings typically run for 60-90 minutes. Thoughts?
Bonus
Seems insensitive, so apologies in advance. Any chance we get bonuses this year?
This latest round is the signal to run
I can’t see any strategy behind cuts, just crude financial concerns. Given the current state of CVS and the likelihood that these layoffs will change nothing in particular, it’s safe to assume that all we can expect in the future is just more... — read more
Laid off within a year
Anyone who got laid off within a year of joining CVS? Or a period less than that. Was there an explanation provided.
Do I forefit severance if I get a new job before sev is done?
I see language in the agreement about losing severance if I accept a role at CVS during the notice period or during the sev period after last day of employment in December. I can understand that clause. What if I get a job now or sometime before... — read more
Severance Details
Can you guys share your severance and separation date details here? I'm seeing tons of differing dates for people: Termination Date: Dec 6. Severance Period: Dec 7-Feb 7. Thank you
The mighty Michelle Peluso just resigned.
Karren's best buddy and #2. This should tell you everything you need to know. yeah yeah, I'm sure it's a great opportunity for her... but for sure she told people she wanted out of CVS.
Aetna loses court challenge over Medicaid in Kansas
https://kansasreflector.com/briefs/aetna-loses-challenge-of-kansas-medicaid-contract-process/
Omnicare
Any info on if/how Omnicare is affected by all of this?
CVS stock price upgrade
Financial Institute upgrades CVS share price.
Another mass layoff 2025
Within 15 months they laid off 8,000 corporate employees shut down numerous stores and laid off hundreds of customer facing employees. There will be double of this next year. It's already being vetted out for the end of the year financials in... — read more
Layoff was Unnecessary
CVS has a major shoplifting and fraud problem. Aetna does nothing to curb the billions in claims submitted with no service rendered. Aetna cares about building their networks. The Society for CFA holders found that a company this size has 5% fraud... — read more
Do you get an exit interview if you quit?
I'm close to landing a new job and I'd love to tell CVS every single reason why I'm leaving. And there are so, so many of them. I doubt they care enough for it to make any difference, but it will certainly make me feel better to get it all out after... — read more
The Fate of Coram
It was announced yesterday that Coram is discontinuing most of its core services and focusing only on specialty dr-gs and enterals. Selling or closing all but 3 of its pharmacies. Impacted colleagues will find out more in November about a possible... — read more
No luck with job search so far. Any ideas?
I’ve been applying left and right for a while now, and most offers I got were worse compared to what I have here. I want to leave CVS. Being laid off in the near future with severance and all would just be a welcomed bonus. But I’m growing desperate... — read more
Anyone who posts to stop mentioninf layoffs is a corporate plant.
You should be afraid...very afraid. Start looking now because more layoffs are on the horizon. Don't be a chump..this company is in real trouble...
Stop with the fear mongering posts
The layoff notifications went out last week. The RI and CT news stories and warm notices are still in relation to the 2,900 layoff. All of these people that are apart of the WARN notice have been identified already. As per the law, they’re given a... — read more
RI WARN Notice 632 people
FU CVS https://www.documentcloud.org/documents/25194964-cvs-warn-notice#document/p1
"Analyst", I wonder how many are from MPOs?
"The Woonsocket-based company filed a WARN notice with the Rhode Island Department of Labor and Training on Monday about the impending job cuts. According to the notice, the layoffs will be effective between Dec. 8 through Dec. 21, 2024." "What... — read more
CT warn notice
The CT warn notice is now up on CT dept of labor website. 416 total layoffs in Hartford; 323 of those are full time work from home and the remainder are hybrid Date layoffs: 13/8/2024 thru 12/21/2024
When's the Q3 earnings call?
As the title states, when's the call? These are the calls where KL's head gets put on the chopping block, she gets pi---d and starts firing her leadership team like BK! I've got some popcorn ready to go for this show.
Layoffs as a weekly thing
Are we now at the stage where layoffs have become a weekly thing? Just when I think we're done, we hear about even more cuts. When will it be enough? Who does the leadership - if I can call them that - expect to do the actual work if they continue... — read more
Failed leadership for hurricane in the state of Florida
Our division VP and regional directors have failed in their roles as leaders to make a decision waiting until 3 o’clock 24 hours before a category five hurricane hits just so you can get that last-minute sale is disgraceful and dereliction of duty... — read more
Working for this company is like working for a startup but without the income
This place is basically put in startup mode by execs that come and go every ~2 years. The ICs get paid peanuts and nothing meaningful really gets produced because of flip flopping / short tenures. Rinse and repeat. So basically a bad startup.
Cognizant
Laying off all Aetna CVS employees. However they are hiring cognizant employees. Sorry
"Put people first" lol
Leadership should try to achieve this "heart at work" behavior!
How are we even going to keep the lights on?
https://share.newsbreak.com/96g5qo6c?s=i16
There’s no transparency at CVS, hence all the rumors.
If corporate was transparent about everything going on, then there wouldn’t be all these rumors floating around. Just be open and honest about things going on, and the state of the company, and you could very easily put all these rumors to rest. ... — read more
This will not end anytime soon, it seems
This is horrible. So many people affected. Nobody knows if they are the next. Vast majority of us can’t afford to be without a job for a week, let alone months on end. This is not the best workplace, but in this economy and with the job market as it... — read more