I was interviewing for a promotion and was told the position has been put on hold because there is now a hiring freeze. Im still pretty new to CVS, how long have freezes last in the past? Also does this mean there are potential layoffs coming?
Aetna 33% workforce reduction
Next month....
stock going up
stock is pumping, all safe for this year. Those non performers were already gone,
Nothing will change for the better
And the hits just keep on coming. Once again this is not surprising at all. Poor decisions by senior executives AND failure to see the Medicare issues ahead of them has once again led to the little guy getting sc--wed. Meanwhile all the kool-aid... — read more
Cutting budget by 40% for Aetna
Was informed today by leadership that my organization has to cut budget by 40%. In other words, more layoffs are coming our way.
engineers - remote only
any news this week only remote engineers respond
CMS audit - Aetna failure no surprise act
https://www.healthcaredive.com/news/cms-no-surprises-first-audit-aetna-texas/721126/ Do you think CMS will audit us more this year? Makes me worried about leadership actions
Serious question. How do DL’s justify cutting people’s ratings and raises after SM puts them in?
People work hard and deserve to be compensated fairly. A district leader cutting people down, takes away all the incentive to work hard. Don’t they know that?
With Walgreens drowning maybe we have hope? On the retail side
Thoughts? I’m in denial about layoffs. They possibly couldn’t do more cuts
layoff is coming in 3 weeks, what to do?
shall i just lie down and do minimal work? or should i just work as usual so that i pretend nothing happens or should i work harder and work during weekends so that maybe i will be spared? what shall i do to spend the last three weeks?
August Company Town Hall cancelled
Just got an email that the August Town Hall is canceled. Fun times ahead! Good luck everybody!
senior software Engineers
Any word on the remote Senior Engineers ? so far it looks as work as usual, Only Engineers respond if they know something, rest of them please dont respond
Working with a spouse as a direct supervisor
So can a store manager lose they job for having a spouse on payroll never really works in store does schedule etc from home occassionally puts out truck got suspened today and district manager told everyone store manager will be gone for awhile but... — read more
FTC PBM report
FTC’s report about PBMs came out yesterday and in the same week the justice department came out saying they are looking for corporate whistleblowers. If you have knowledge of price fixing or any type of anti competitive practices, now is the time to... — read more
Any new info on layoffs?
What’s with the rumors about the first week of August?
business as usual
Business as usual, work from home, PTO, benefits, who is smelling RIF?
Digital Layoffs
What are people hearing about layoffs within digital? Pharmacy or retail or health services? Product or engineering or design or? Upper management or lower level employees?
Mysterious hr meeting in manager's calendar
trying to schedule a meeting with people manager for work related question but then find the HR meeting on 8/1, looks like a layoff related meeting(does not have that HR meeting at the end of june/May/April/March. Looks like something is really... — read more
Here’s Why Vltava Fund Sold Its Stake in CVS Health Corporation (CVS)
Great article where the investment firm talks about what they hoped for with Karen and team and why they sold it all. https://finance.yahoo.com/news/why-vltava-fund-sold-stake-102058409.html Great quote " In any case, we regard CVS to be our... — read more
What happens if the second quarter is as bad as the first? Or worse?
We all know how bad the first quarter was. One wall street analyst couldn't even believe those numbers were real. They said they had to do a double-take. So, if the 2nd Quarter is bad what are your thoughts on how bad the fall-out will be?
pto how long
i worked for 4 years, how much is the eligible PTO? I would like to take 4- 6 weeks and be back in September. make hay when the sun shines.....
Hiring freeze?
Anyone know if there’s officially a hiring freeze in effect? If there is, why are new jobs still being posted/old jobs still being reposted on the company website?
Dental Layoffs?
Anyone have any insight of Dental will be effected by layoffs again next round?
Paragon-tomorrow awards
Does this dumpster fire of a company still waste millions on their over indulgent, scripted, cult like awards ceremony for “top performers” I always called it the Para-Gone-Tomorrow award because it’s like getting the kiss of death. Seemed like... — read more
When?
We all know they're happening, but when do we think they will be announced/will occur? I'm an engineer and I'm terrified both for myself and my team. We are constantly stretched thin especially my lead devs
August Roles Affected-DDAT
Hi all, any leads on the orgs and roles affected this coming August?
Ah yes CVS stock is playing limbo again today
Glad I moved it out of my 401k.
Dr-g Retail Slow Death
For those on LinkedIn I encourage you to read and follow Neil Saunders. I like reading his take on retailers. This post is about WAG and why they are and will continue to be troubled. . It may as well be about CVS too as they are really one of the... — read more
Reminder badge tracking starts this week
Enjoy your Independence Day
When you get your 20 cent raise this year, just remember Karen made over 21 million last year.
That is all.
Aetna Commercial UW
Middle market ramps up for the year and National Accounts are right behind it. How many open positions will never be filled again / how many layoffs will hit Q4? Rumor has it ?
Karen MIA
Serious question, where is Karen? My guess is she's gonna be replaced and has been negotiating her exit.
Failing model
It should be clear to everyone that cvs is in serious trouble. Amazon will eat our lunch and we cannot stop the inevitable.
Frustratingly draining
What sux about corp America is here i am working late to fix something so my coworkers come in on monday and things work better than they planned... And my CEO only sees me as an expendable number on a balance sheet. Im busting my backside because... — read more
Layoff confirmed in august
layoff is confirmed in DDAT org, date will be around the next earning date august 7th (before or maybe after but definitely in august) enjoy your July and please take vacation on July 4th holiday when you still have the job
The retail pharmacy industry is dying...
Rite Aid is bankrupt, and might not make it out of bankruptcy. Even if they do come out, what's left of the company at that point? They've been closing stores and distribution centers, and their financial woes continue to mount. Walgreens just... — read more
why is the stock down , RSU's to employees
mine went from 70 to 100 and now 60, why is it going down with so much business? every other pharmacy is CVS! Health insurance is the best, Mind boggling! no one will leave this company due to high pay packages, RSU's, 6 weeks PTO per annum, and... — read more