Topics regarding layoffs at CVS

Topics regarding layoffs at CVS

Retail severance

I'm sorry if this is a stupid question, but are people in retail eligible for severances? I'm assuming that hourly employees are not, but what about full-timers? This is the first major layoff for me since I joined CVS and I'm trying to figure out... — read more 

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| 1170 views | | 5 replies (last September 6, 2023)
Post ID: @OP+1okGfLGZ

I'm having trouble focusing on my job search

I've never been laid off before and I didn't expect it would affect me the way it did. Most of the time I'm just putting all of my energy into not falling apart. Is this normal? How is everybody else handling this? I thought I was stronger than this... — read more 

Why Does Karen Ly--h Insulate Herself?

5000 CVS employees, most of whom performed diligently for years, and even decades, have lost their jobs due to the inability of management to effectively lead the company. Why do these employees have to pay for the mistakes of senior leadership? ... — read more 

Laid off and find new job before 10/21

Do we need to let CVS know we landed a new job if we do so before 10/21? All equipment being returned on the 31st and Login IDs terminated. Makes no sense at all. People who are laid of deserve all compensation. Why are we being punished for finding... — read more 

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| 1950 views | | 7 replies (last September 7, 2023)
Post ID: @OP+1oipr9jC

Placement assistance

I think as laid off and my manager told me I'd be offered help with placement assistance in looking for other jobs. Does anyone know where I'd go to receive this help? The only information I received in the mail was a piece of paper reiterating what... — read more 

Layoffs are rough

I've been laid off 3 times in the last 3 years from different companies. It's a very uneasy feeling of not knowing what or where you will be working and you are going to provide for your family. Take good care of yourself, eat healthy, go walking and... — read more 

Jeff Bezos and Mark Cuban

Jeff Bezos and Mark Cuban are truly Great. Here are the Reasons. They are Curious. They Respectfully conduct Dialogue with others. They Endlessly Experiment. They Don’t Penalize Failure. Instead they learn from it. That is why these two Outstanding... — read more 

Karen the Great

Karen, our CEO, is an exceptional leader whose dedication and strategic vision have been instrumental in driving our company’s success. With her unwavering commitment to innovation and growth, she fosters a dynamic and collaborative work environment... — read more 

Suing company before signing severance

I’m debating suing CVS instead of signing the severance agreement. I was a remote worker and believe I was targeted because of this. The rest of my team was in office and I was the only person laid off in the team. I believe remote workers were... — read more 

Business changes since layoff planning

Not an expert, but my understanding is planning a layoff of 5000 people would take a long time and we've gotten news of significant PBM business hits in the last 3-6 months. Do you think the decision makers knew about those at the time, or has... — read more 

Cordavis

I just saw news today about CVS’s Cordavis, a “New business that will bring high quality biosimilar products to market with goal of reducing dr-g spend and ensuring access to affordable medications.” Is this why they laid off 5,000 people and our... — read more 

Severance package

My official separation date is October 21 and I was let go on August 14th. So my severance package will kick in after October 21? Can someone please explain?

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| 3360 views | | 7 replies (last September 6, 2023)
Post ID: @OP+1oguG5Im

Paperwork and labels?

Any one receive their paperwork to sign And labels to mail back equipment?

Seperation date

Does anyone know where to find the separation date?

Severance question

Can you lose severance if you find a new job within weeks of being laid off?

Outsource the executive leadership team to India

Thoughts? They couldn't possibly do any worse than what we have now: losing multi billion dollar PBM contracts, overpaying for acquisitions, and lighting money on fire between contractor/vendor abuse and longstanding redundancies.

Any updates ??

So the warm notices on 10/21 would be 60 days notice from last Monday in which most states require except NJ 90 days required hence NOV date but … it goes through 12/31 so that leads me to believe they are not done. Does everyone have a town hall on... — read more 

I've never been so grateful....

...to not have been laid off and to continue to watch the company fall apart from the inside while doing next to nothing yet still getting paid.. CVS is a CV MESS.. no one cares within the rank and file because of this disaster of a layoff.. poorly... — read more 

Cancelled Mental Health Awareness Webinar

The company just laid off 5,000 people. Those of us who weren’t let go are anticipating increased workloads, re-organization and potential team changes that are unclear, and still reeling from the loss of some really good humans I grew to trust and... — read more 

My heart is with those impacted.

For the record I was spared - however any/All leaders who have have people impacted by these actions ( including myself ) should forgo any bonus or other long term incentives due to their own failure that resulted in reducing headcount. This is an... — read more 

Otch

Question since it is almost impossible to post a thread on cvs chat and I know that the powers monitor this chat group.. What is the company directive.. are we to keep home locations full or otch sections full since we do not get enough product to... — read more 

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| 1076 views | | 1 reply (August 22, 2023)
Post ID: @OP+1oejUnrH

Still have nobody to train

It’s been a week since getting my layoff notice and I still have been given nobody to train. What is wrong with this company? The last time I got laid off I was training people in a few days time. Why lay people off if you don’t even have a plan... — read more 

Seven Execs that have recently left CVS Health

From major positions at Aetna to the president of CVS Caremark, these are seven top executives that have recently announced departures from CVS Health: Editor's note: this page was updated Aug. 22 and will continue to be updated. CVS' former SVP... — read more 

Interesting Article…

https://www.abc6.com/cvs-to-terminate-more-than-500-employees-starting-in-october/ It’s the last 3 paragraphs for me…

CVS closing

CVS closing in West Hartford CT next month https://youtu.be/6sL__9Gfa1U

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| 600 views | | no replies yet
Post ID: @OP+1oedorci

Arizona

Does anyone have any information on AZ? In the Phoenix area they have 3 buildings 2 of which sit empty. The bulk of employees are in Scottsdale at the Shea office . The remaining 2- one is a brand new state of the art building expected to house... — read more 

NJ Warn notice

CVS Health Various locations throughout NJ, Posted in August, Layoffs occur 11/15/2023 - 12/31/2023, people to be layoff 207

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| 580 views | | 1 reply (August 23, 2023)
Post ID: @OP+1oeaM6tH

No layoffs in September

Now that we know there most likely won't be any layoffs in September, how wrong is it that I'm excited that we'll have no layoffs for at least a month? The bar is as low as it can get.

Aetna UM restructure

Anyone in Aetna UM see the email this afternoon re: restructuring all UM lines of business under a new department within COE? Thoughts on if this will be another massive set of layoffs like the initial Aetna centralization when CVS acquired us?

25,000 Jobs to be reduced in 2024?

Heard rumors that 25,000 full time jobs will be cut next year, which includes retail. A move that large would be discussed with more people than the 5,000 layoffs, since it would be a huge change to plan. Any one hear anything else about this?

More layoffs in October?

Based on some state WARN notices, it looks like there will be more layoffs in October, is that correct? I’m from Illinois and our notice only gives the initial notice date but not an “end date”

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