Sges so good she made 60 billion in market cap disappear!

Buckle up, Buttercup...

There are plenty of companies that don't treat their employees like cr-p like CVS. This was never a people friendly company. It was an average workplace at its best, and it's a horrible one at its worst (which is right now). I don't plan to wait for... — read more 

Top Level Discussions Last Week: 401K Matching Suspension: Halt for two years to cut costs. CVS Stock Dividend Reduction: From $2.26 per share last year to $0.665. Expense Reduction: Immediate cost savings to navigate financial... — read more 

And there have been no attempts to change the course. A lot of flowery words from the top which mean nothing, but in essence there’s no strategy, new ideas, nothing. I have survived several rounds of layoffs, and the only thing that keeps me here is... — read more 

did the lady that was responsible for gatekeeping for Karen get let go too?

There are rumors speculating that there will be no pay raises or bonuses this year. Is this true? Just trying to set expectations for myself as I may need to either find another job or get a part time job.

DDAT at CVS was dealing with significant project management and accountability issues. Overcharging and a lack of clarity about who was working on what, especially with offshore teams, led to massive inefficiencies and budget overruns the past few... — read more 

Has anyone who was laid off returned to the company ? Was the new job better pay or the same as the previous job ? I would be very afraid to return to the company since it looks like you will get laid off again.

Is there a possibility to volunteer for the next layoff at CVS? What steps do you need to take to request it?

CVS sat on a wall. CVS had a Great Fall. All of KLs B—t kissers and DEI appointees couldn’t put CVS back together again. Wall Street got the message. Retail Pharmacy is in the tank. Benefits are all red ink as far as the eye can see. The junk in the... — read more 

I know those who were laid off might not feel lucky right now, but being out of this hellhole? It's guaranteed to turn into a positive thing down the road.

At the moment, I am employed by Aetna Medical Economic Unit (MEU for IFP/Commercial). If I put in my two-week notice and tell them that I am leaving for Cigna or Unitedhealth, would I likely be asked to leave right away and log out of my computer the... — read more 

Raises and bonuses will be frozen until 2027 in an effort to help the company meet its financial obligation to shareholders. This will be in addition to the 15k layoffs.

Why should I try? Nothing I do will have a measurable effect on the company. And whether I work hard or not will not determine whether I am laid off or not. All lay off decisions are broad strokes by people who have never met me or anyone

Clench up ur button cheeks, folks.. DJ has free reign to push Board agenda of MASSIVE cuts which are already in motion.. turmoil and extreme measures to save the sinking ship in play and y'all n----ahz be the first tossed overboard..

We already knew the budget cuts were happening but the increasingly positive spins of layoffs at this company are getting ridiculous. “Here's where I need your help: we must deliver every day. It is no secret that our industry faces significant and... — read more 

As more CVS/Aetna layoffs loom, some CT lawmakers want more info from company https://www.ctinsider.com/business/article/cvs-aetna-hartford-ct-layoffs-warn-act-tony-hwang-19830259.php

Those are the emotions I've been circling through since I was laid off. How do people get used to this? How do you get over it?

Last week the Top-Level Leadership decided to halt 401K Matching for the next two years (Until the end of 2026) as a cost-saving measure. Discussion Points Covered: • Cut Stock dividend to $0.665 from last year $2.26 per Share • Cost Savings:... — read more 

Wait, I have no prescriptions to transfer, since I am no longer medicated as I no longer work for CVS.... Ok, I ordered some Advil from Amazon for 1/4 the cost of CVS. What does this have to do with layoffs? Everything.

KL is not entirely out of the picture. The memo from KL didn’t specify that she was leaving, stepping down, or retiring. She expressed gratitude for everyone’s support and wished for future success. No news articles provide a clear narrative of what... — read more 

@pbo+1v5k8aXF The strange dynamic with the change in leadership is Roger Farah was named “Executive of the Board of Directors” and David Joyner is the “CEO” and not “Executive CEO”. This means Roger Farah is running the company and making the... — read more 

Anyone know what the town hall is about? Since yall know the layoff numbers lol

Fortune pretty much lays it all out. The wins, the loss, the good, the bad, and the change management. https://fortune.com/2024/10/19/what-went-wrong-at-cvs-karen-lynch-ceo-stock-price/

Is DDAT over or under staffed ?

I spoke to my SVP and they said there will be 30,000 layoffs in the next 2 years.

It has been confirmed that David Joyner has been assigned to oversee an additional 15,000 layoffs over the next two years, in conjunction with leading automation initiatives aimed at generating $2 billion in savings. My SVP, who was my mentor and... — read more 

Qtr3 financial report to include 5000 additional layoffs effective 1-1-25.. no sectors mentioned specifically, but not surprisingly likely Aetna Medicare, including clinical, service and other directly employed as CVS Health continues to move toward... — read more 

Did anyone else have an issue with network access being removed even though your last day was months away ? Also did not receive an email to return CVS equipment. My manager did not receive anything also.

So the rumors are flying around how retail is going to be changing. Word is DSPLs and DSTMs are out and possible realignment in field team to reduce DL head counts. Does anyone have the inside scoop?

If you think things have been tough the last few years, you ain’t seen nothing yet. Deeper cuts both in corp and retail store. Everything will be on the table from employee compensation and equity to reduced inventory in stores. Employee engagement... — read more 

Someone posted a comment that they felt that Glenview was in no position for a big move. I guess they were wrong, Glenview wanted change and they got it. It must've been quite a meeting. I'm guessing they wanted Karen out and she fought it and... — read more 

The major criteria for layoffs have been the cost of the employee. There is a reason why some people cost more than others - competence and experience, to name a few. So we continue to shed people we actually need. Furthermore, a company will not be... — read more 

Gone kaput vanished

Something to ponder. They will reduce people yet keep a corporate airplane. There's not one thing we do that is that time sensitive. Not one. So they don't make "hard choices ". They keep comfort. Remember we are just a number. No more no less. — read more 

If you thought we were f---ed before, we just entered a whole new world of pain.. 15k layoffs on the horizon..

https://www.cnbc.com/2024/10/18/cvs-to-replace-ceo-karen-lynch-with-exec-david-joyner.html

He's going to clean house worse than Karen. Used to work for him and he's not good to work for, at all