Topics regarding layoffs at CVS

Topics regarding layoffs at CVS

Email from KG

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 

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| 1320 views | | 5 replies (last October 16, 2024)
Post ID: @OP+1uZdvot1

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 

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| 1270 views | | 7 replies (last October 18, 2024)
Post ID: @OP+1uZcuGjm

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 

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| 1210 views | | 6 replies (last October 21, 2024)
Post ID: @OP+1uZqulQV

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.

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| 580 views | | 4 replies (last October 16, 2024)
Post ID: @OP+1uZdIq7J

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 

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| 912 views | | 7 replies (last October 16, 2024)
Post ID: @OP+1uZZjU2x

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 

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| 1290 views | | 8 replies (last October 14, 2024)
Post ID: @OP+1uYRBnOT

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 

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| 1420 views | | 4 replies (last October 12, 2024)
Post ID: @OP+1uXf5y29

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 

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| 1200 views | | 4 replies (last October 11, 2024)
Post ID: @OP+1uWbzMS8

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.

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

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| 1170 views | | 8 replies (last October 11, 2024)
Post ID: @OP+1uV93TIp

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.

Omnicare

Any info on if/how Omnicare is affected by all of this?

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| 710 views | | 5 replies (last October 11, 2024)
Post ID: @OP+1uVRSXyl

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 

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| 810 views | | 1 reply (October 9, 2024)
Post ID: @OP+1uUG1g4V

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 

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 

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| 1050 views | | 8 replies (last October 11, 2024)
Post ID: @OP+1uT3qybx

"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 

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| 890 views | | 6 replies (last October 13, 2024)
Post ID: @OP+1uTHQnbr

Cognizant

Laying off all Aetna CVS employees. However they are hiring cognizant employees. Sorry

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 

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