Today’s layoffs have left me feeling like I’m part of a sinking ship. The people who were let go are not just colleagues—they’re individuals who gave their all to the company, bringing invaluable knowledge, experience, and dedication. The abrupt loss... — read more
How is the layoff list prepared
Interesting (horrible) that some who are impacted are the heart of the Team, going above and beyond.
Any Finance Impacts?
Does anyone know if there were any layoffs in Finance?
Field must be coming
It’s been corporate and Aetna affected the most the last few years- how are these boasted salaried field leaders to the stores themselves going to survive? At least for the FS part- like what do they even do besides bully metrics when we all know the... — read more
LAYOFF ROUND IS COMPLETE.
If you still have your job as of 5pm today, you are safe until the March 2025 culling of 4000..
Severance and Insurance?
Hi there, I just found out I was being let go. I know YMMV, but what is the typical standard operating procedure for severance for 3+ years and how long will I still get health insurance through CVS and not have to transfer over to my spouse's plan? ... — read more
Quote of the Day
Jeff Jonas, who runs money for Gabelli had a statement. The company is big and unwieldy. “ I don’t know that Karen Ly--h has done a fantastic job.” Here is the point. Analyst never rate a stock SELL. Analysts rarely criticize CEOs. KL may be leaving... — read more
Heart goes out to all those impacted
Its really tough when you lose your job and your world is suddenly altered. I can tell you first hand, that while going the process was difficult, you can do it - just take your time and there are certainly better companies out there. Leverage... — read more
Plan forward
Ok, I suggest this as the five step plan forward. Celebrity CEO Karen steps down, freeing time for her next book tour, charity event, Norah O'Donnell interview and self indulgent post on Heartbeat. Instead of breaking up the company by selling... — read more
Omnicare
Have any Omnicare employees have a surprise meeting today?
no news is good news?
My manager said he doesn’t really know anything and that we’re probably safe, but I’m not feeling super reassured. Honestly, I can’t focus on work at all. Anyone else feeling like this?
HP CEO all employee meeting today
My contact tells me there was an all employee meeting by their CEO. Their CEO claimed there is no layoffs and he is not aware of other departments affected by layoffs.
Dpcs , ftcs, dls
Are these positions safe?
Lena Kahn
If you have been laid off from Caremark, just remember that the FTC wants to talk with you about price fixing as it relates to pharmacy reimbursement rates and consumer prices. Lena Kahn is eager to speak with you.
Post Job Title of impacted employees
2 Lead Director according to my sources No need for department as that could risk severance of impacted
Karen's post on Perspective on Speculative News Stories
Karen must be feeling the heat or at least her thin skin is feeling it? Today she posts on Heartbeat about Speculative News Stories and it is a cry baby tale of 'not my fault ...I asked the board'. Reading between the line sounds like reporters are... — read more
Tech
How many engineers impacted?
Top doesn’t care about morale, productivity, employees or clients
All they care about is the bottom line. Fastest, easiest and laziest lane to show the money is to cut as many jobs as possible on time to payout dividends and bonuses. What will become of CVS, or god forbid employees, they don’t care. So reduce your... — read more
Fu-k their severance
Tell them to take their severance and shove it. Walk right out and claim UI. No sense in letting them slavedrive you for 2 months. Don’t help them out. They will just ask for copious documentation and have very unrealistic expectations for you. Opt... — read more
Laid off
I am former Aetna employee. My friend that work for Meritain owned by CVS an Aetna employee was laid off today. She had almost 10 years. She will get paid through March 2025 must work until December 2024 but layoff as of October 18th and this is how... — read more
Will we ever have job stability?
Those who survived, are you staying? It appears this is CVS’s plan- layoffs all the time. How can one live with this constantly over your head? What’s the incentive for loyalty and strong performances:raises if used against us? It’s disheartening. — read more
Is there a chance it will be done today?
Do they really need a whole week for layoffs? I'm hoping the bulk of it happened yesterday and they're just wrapping things up today. I'm not sure I can take a whole week of this. I've had enough stress and worrying in the last several weeks to last... — read more
Info on layoffs
Hello, I cover health insurance for the Financial Times. If anyone would like to chat anonymously about the situation at CVS, Caremark or Aetna, please reach out at Mansur.Shaheen@FT.com
Wholesale lazy layoffs
Want to bet that first people out the door will be the ones we need the most?
Any H1Bs axed?
Curious if H1B engineers got hit
Just got my email..
Judging from the line of 15 minute slots on my directors calendar, half my team of ~20 are going. Kind of called it during the last reorg.
Why not contractor first?
Why don’t they start with contractors? people who become full-time from consulting compromise a huge chunk of paycheck to go full-time for the sake of ‘job security’ . Which in this organization is a myth when budget cuts come full-time employees are... — read more
Layoffs thread--title and group (+any extra info you want to share)
A&BC Senior level
New Announcement from KL
KL made an announcement on the Heartbeat site, to let everyone know not to believe the rumor's in the news but couldn’t tell employees herself, that jobs are being eliminated. She su-ks so much.
401k withdrawal error
Anyone else on Sept 27 get a misc 401k withdraw shows as error. What is that for?
CVS layoffs skew older
Not just the latest one. This is always true. I'm shocked there has never been a lawsuit against the company for age discrimination. I guess that's the only reason why severance is paid. People don't want to lose that money so they just accept what... — read more
What is the last date for affected people
People who are affected by lay off , did they get a last date after two months etc or it is immediate effective this week ?
10/01 layoffs
Any news for today’s layoffs
Schedule Issues
My schedule is only viewable through next week......system glitch, or something more sinister?
Ironic compliance training
This evening I received an email that I must complete the "Recognizing and Preventing Workplace Violence" training course.
Spinning off Aetna - good or bad?
Seems like a lot of zigzagging, but would that actually end up being a net positive for Aetna?