Topics regarding layoffs at CVS

Topics regarding layoffs at CVS

Something brewing?

Anyone else’s manager have to drop everything to jump on an urgent meeting with Karen this afternoon?

End of an era of a middleman. And we are a middleman.

The Dr-g Manufacturers despise CVS. Management at CVS asserts that they are innovators. They are not. Look at Costco. Costco started with a blank sheet of paper. They wanted to minimize shoplifting, bad checks, and they wanted to maximize sales for... — read more 

CS&G “Ask me anything” meeting today

MP was asked about layoffs/RIF and she completely deflected and didn’t answer the question (gave a padded canned response). So that’s basically a “yes” to me. The real question is how many will be let go.

The exec layoff

BK last month. SVP and VP in Aetna network today. The exec layoff is what we should be talking about

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| 2230 views | | 4 replies (last September 8, 2024)
Post ID: @OP+1ud4riCX

Next LR will hit 2000 people?

Can anyone actually confirm this number that I saw mentioned several times here on board, but also heard around offices? It makes sense, but it would be great to know what we can expect for real. I’m also inclined to believe that number, if true... — read more 

This place is a disgrace

Why do we keep celebrating incompetence by promoting people who don't deserve it just because they are good at butt-kissing? Every single time it becomes obvious they have no idea what they're doing within a few months. And still, this keeps... — read more 

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| 940 views | | 2 replies (last September 2, 2024)
Post ID: @OP+1udVrdiH

Expect stealth layoffs...

Expect stealth layoffs here and there before a larger mass layoff or two down the road. For now they will target low performers, people who don't want to RTO, folks who are earning close to the top of their pay grades, "Directors" that have no direct... — read more 

Omnicare

Anything at all being heard about the fate of Omnicare?

Corporate: 2 people is NOT a crew.

That is all. Stores need to be staffed properly because two people is not a crew. And if you’re going to continue this route of hours cuts and no staff, then at least PLEASE have mirror hours with the RX. Give the front store a break would you. — read more 

Sad sad sad

Sad that people get on this site to see what’s happening. Very ridiculous CVS doesn’t know what they are doing. Keep changing spans, ridiculous expectations for store teams. Executive bonus still super high, unrealistic based on what they do to store... — read more 

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| 800 views | | no replies yet
Post ID: @OP+1ua3WMas

layoffs coming or what?

are layoffs happening at all? seems like everyone is paranoid not sure. if so who is getting cut?

Interesting observation

So some of you might be aware that a few months ago CVS acquired another company, called Hella Health. Two things: You'll notice they didn't disclose how much money they paid for this company. So cvs bought another company, and gosh knows how... — read more 

Hiring actually happening?

I see some job postings is hiring actually happening? I think that can be a sign of weather we are expecting layoffs or not.

Layoff Info

Anybody have any solid info on the upcoming layoffs they can share? # of impacts, business areas affected, timeline, etc.?

CVS is circling the drain

The best thing anybody can do at this point is leave. That's the only reasonable response to everything that's been happening at this place for years, and the only reasonable thing to do if you don't want to waste your career even more than you... — read more 

Medicare Part D

Medicare Part D has way to many Executive Directors that do not do anything but hinder the Directors and Managers getting work done. Can get rid of half of them.

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| 670 views | | 1 reply (August 22, 2024)
Post ID: @OP+1u7QbANE

CVS HSA login

Who is the provider of the CVS HSA? Anyone have the login link?

Bizarre Karen email

Can somebody explain with their Karen to English decoder ring what the purpose of that email was?

Chief Compliance Officer

House cleaning time before the huge layoffs in October. CCO Dave Falkowski needs to go, he was a confidant of Chief People Officer (lol what a title), Laurie H. Karen has Dave F the chief compliance officer do her dirty work, he’s such a su-k up that... — read more 

Incompetent folks in A&BC will be impacted

A&BC should see the lay off in next few weeks. Got the news from a A&BC data scientist. They have hired some incompetent Senior Managers and Directors who have no idea what's going on with the Business and have zero technical skills. Plus they get 2x... — read more 

Org adjustments, again

I wonder if anyone ever made an analysis of the actual cost of reorgs/cuts/layoffs vs. savings and company growth. Cost-cutting which is happening all the time everywhere is negatively affecting efficiency, streamlining, rational utilization of... — read more 

Why fire the head of HR?

I can understand the firing of the president of Aetna. But firing Laurie? Why? How is that going to solve any of CVS’ problems? And how is a McDonald’s executive gonna help anything? It’s Human Resources, not anything related to pharmacy or... — read more 

Any rumors about next week?

I’ve been hearing here and there that we can expect layoffs in greater numbers next week. Anyone know anything about it? I am terrified of losing my job atm, notwithstanding how much I hate working here. I’m just hoping to last for another few... — read more 

Super nervous about being laid off in PBM finance

Been here for 2.5 years and super nervous I’m going to be in this next round to the point I can’t sleep. Just bought a house and have a wedding to pay for later this year. This couldn’t be a worse time to be facing layoffs.

Monday Layoff

I am a Director and I was advised today my 2 Direct Reports I will be laying off Monday morning. I had zero say on who would be laid off or not.

Nothing Makes Sense

They fire Laurie. They hire someone who has absolutely no experience in the insurance industry to replace her. Beat around the bush at the last 2 town halls about getting rid of “duplicate positions” whatever that consists of. They have NO clue what... — read more 

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