Topics regarding layoffs at CVS

Topics regarding layoffs at CVS

Theories about the actual plan for CVS

So we all know they aren't telling us the truth about anything and that there is some grand plan in place which is probably more long term and this is just the beginning - but what are your theories on this? I was thinking maybe CVS' wants to just... — read more 

No rhyme or reason

There was no rhyme or reason on who they laid off. Some of the most talented employees were let go. Other companies are already reaping the benefits of these foolish layoffs. I know someone who got laid off Monday and is already interviewing. — read more 

Severance letter not sent?

Laid off on Monday and haven't received the severance letter in my personal email to sign.. Wondering if they got my email wrong?

Can I use vacation/will it be paid out?

I have 100 hours of my time. Basically 2.5 weeks. I don’t want to lose this, so I’m wondering: would it be paid out to me upon final date of lay off? could I use it during the layoff period? Is it in my legal right to take the vacation during... — read more 

Is this Karma?

CVS took a 500 million dollar write off to can 5,000 employees. Today they lost the BS of California account, which will reduce their income by 500 million dollars in 2024.

Asked to improve files while being laid off

Boss asked me to improve files and “think of what would help someone taking over the role” while I’m being laid off. No thanks boss. I showed up with and had zero work instructions and I built everything out from scratch. Not working for your... — read more 

Ugh this is just UGGGHHHHHH

Freaking UGHHHHHHHH Can’t wait for these feelings to pass Stupid leadership causing everyone extra stress

Anyone have re-org news?

I am being moved around I see a lot happening on the Aetna side. Very little information being shared.

Execution was HORRIBLE

Look I get it, we probably needed to trim head count, but holy sh-t the execution of this is something Karen should be ashamed of. Furthermore, wtf is the executive team? Radio silence in the face of all this turmoil speaks volumes.

Protect your future

Even if you were not laid off you should be taking proactive steps to update your resume and be prepared for what is next. Start networking!!

Digital team check-in

Of course we won't take any questions. Read from a script? ✅ Use buzzwords? ✅ Tone deaf and have the audacity to use the word empathy? ✅

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| 1710 views | | 7 replies (last August 18, 2023)
Post ID: @OP+1o9uH7kA

Stop focusing on the wrong thing

Why are some of you already prophesying the next round? This one was huge and it might not even be fully done yet. Nobody can say for sure more is coming "soon." Can't we all take a step back and relax for a few days or even weeks before people start... — read more 

Any meetings today?

I have a meeting on my calendar with our entire team at 330. Are there more anticipated today?

Sorry folks it's going to get worse

Business loss accelerating, stock price tanking, taking on massive debt...don't be surprised when they announce more cuts and slash project funding to nothing.

CVS on LinkedIn

I noticed today that in order to see the pages for CVS or Aetna on LinkedIn now require you to have a work email that they then verify before you can even SEE anything. Karen covered her bases

Digital meeting tomorrow? Anyone get an invite?

Received an email at 9pm EST from digital stating most of those impacted have already been notified. They further stated there will be a meeting tomorrow to discuss the fallout. I have not received an invite which is a bit concerning, anyone else?

Moving on

To the people who have been laid off please do not let this event define who you are. These layoffs have nothing to do with your performance. Move forward with confidence. Lean on your family, friends and colleagues to get you through this time... — read more 

Checking in on other teammates

If you “suspect” that a teammate was laid off but they didn’t mention anything to you, would you check in on them? Would that be nosy or considerate? Trying to be nice and supportive and in the same time respectful, hence asking for guidance. If I... — read more 

More Purge from Digital is needed to save CVS

Unfortunately Digital cleanup is not enougand Hope there is a Round 2 lay off in Digital alone to clean up these over paid junk VPs AND some f*ing DISTINGUISHED ENGINEERS. Btw hats off to that genius who came up with the title “Distinguished... — read more 

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| 1570 views | | 4 replies (last August 17, 2023)
Post ID: @OP+1o95CpoB

How are the effected teams doing?

Just curious how teams are doing now that they’ve lost so many. My team was already struggling before they cut 3 of us, I can’t imagine how they’re handling it.

MEU

Any layoffs or restructuring in the Aetna Medical Economics Unit?

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| 630 views | | 3 replies (last August 17, 2023)
Post ID: @OP+1o8ktRnL

Be sure to complete your Employee Survey!!

In June… no August, oh no we better push it to September since we are laying off 5K people. I am sure that will hurt our numbers! Those who survive please leave detailed comments on the amount of stress and anxiety this whole experience has caused. ... — read more 

Underwriting

It seems like medical UW was hit, mostly exec directors and Sr Managers. Dental and Vision was not hit hard, only 1 layoff.

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| 536 views | | no replies yet
Post ID: @OP+1o8uEKww

Wave over

Just came out of meeting with the SVP who mentioned that 98% of affected individuals have been notified in the last 2.5 days. No more layoffs are expected moving forward, although there's no 100% guarantee. The message was clear.

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