Topics regarding layoffs at CVS

Topics regarding layoffs at CVS

Sinking ship?

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 

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 

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| 1140 views | | 1 reply (October 1, 2024)
Post ID: @OP+1uMbWrRH

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 

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| 1070 views | | 3 replies (last October 1, 2024)
Post ID: @OP+1uMt30kY

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?

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| 390 views | | no replies yet
Post ID: @OP+1uMxdJV1

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.

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.

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| 830 views | | 3 replies (last October 1, 2024)
Post ID: @OP+1uMNlphZ

Tech

How many engineers impacted?

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?

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 

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?

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| 610 views | | 1 reply (October 1, 2024)
Post ID: @OP+1uMNzrEm

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 

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.

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