Thread regarding CVS layoffs

2nd round of layoffs started

Got off a call with my manager this morning that there is another round of enterprise wide layoffs in corporate. He said it was a “delayed notice” of the original count.

He said all notices should be going out today and that he found out this morning about the layoffs and was given a list of people he had to cut from our team.

Stay safe out there.

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| 6772 views | | 37 replies (last October 27, 2023) | Reply
Post ID: @OP+1peFskNt

37 replies (most recent on top)

It’s true! We lost one person in our department.

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Post ID: @4gwj+1peFskNt

Aetna /CVS all are safe, only HR , IT etc, which are overheads!

HR being replaced by Workday
IT , not needed, outsourced to India

There is a lot of dead weight in various departments, have nothing to do , were hired in 2019 under aetna

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Post ID: @2zry+1peFskNt

It is IT and HR , overheads. Not Engineering, no one was laid off in Engineering!

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Post ID: @2dmw+1peFskNt

As being one of the Round 2 candidates, what a "NICE" company! When the severance is paid at the end of the tax year 2023, you will be taxed 50% and it will likely put you in another tax bracket....

THANK YOU CVS FOR MESSING UP MY HOLIDAY BECAUSE YOU CAN MAKE MORE PROFIT!!!!

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Post ID: @2irg+1peFskNt

The SQL Server DBA team was hit hard, 12 folks plus manager. It's also my understanding that other RDBMS areas are in the process of letting folks go too.
The VIE team is officially gone as well.
Cloud Engineering is taking some hits, along with Linux.

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Post ID: @1usc+1peFskNt

It’s definitely another round is coming. Just got mass email from HR to update talent profile by 11/21/23.

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Post ID: @1zfh+1peFskNt

a couple ED/LD/Principal from my team were let go this monday, including my manager. I'm part of DDAT/A&BC; Their last day were 2 days after notice.....

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Post ID: @1nld+1peFskNt

@1ais+1peFskNt (strider) - your comment makes absolutely no sense.

If you are saying the layoff was actually a good thing for the company, it’s actually much worse for those of us left behind in the company needing to pick up the additional workload and the fear that a layoff might hit us anytime.

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Post ID: @1txg+1peFskNt

Post from TheLayoff.com

Number one, OP, I am sorry you were impacted and wish you well. Secondly, for the gentle readership, cutting these particular individuals kicks lower-risk, high collaborations, huge return on investment innovation and true waste reduction out to the curb. Which primes the pump for many more rounds of meeting budget numbers by desperate reactionary cuts where value was created instead of thoughtful step by step growth planning and follow through.

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Post ID: @1ais+1peFskNt

Re: “Were the finance teams who took losses on the Aetna side or CVS?“

My finance based team is CVS with zero interaction with Aetna.

It’s apparently was across all business units.

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Post ID: @1yth+1peFskNt

I was let go today, from an IT team HQ'd in Hartford, supporting developers (not cloud). About half of my team, mostly senior staffers, and we got zero warning.

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Post ID: @1bsu+1peFskNt

Were the finance teams who took losses on the Aetna side or CVS?

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Post ID: @1hxn+1peFskNt

CVS bypassed the WARN notice in August by giving paid leave before the official term date.

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Post ID: @1esy+1peFskNt

So if you are worried, you can go to your state's official site for WARN notice, in case you didn't know (just Google WARN notice). For any mass layoff the company needs to report at least 60 days in advance unless the number impacted is small. The list will give you info on Job title, number of employees in that job title impacted, and termination date. Just look your job up and see if they have laid off all in that category or not. Unless it is just firing a few random people which they won't report, you should be able to get a general idea yourself.

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Post ID: @1ztf+1peFskNt

Aetna network?????

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Post ID: @1fip+1peFskNt

I just want to say I'm so sorry for all my peers that we're negatively affected by the layoffs today. I'm in network. It's a horrible time that this had to happen I know we all kind of saw this coming and we will see it coming. I'm praying for you all.

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Post ID: @1wzn+1peFskNt

I’m in digital, nothing here today.

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Post ID: @mmu+1peFskNt

Bro, nobody is buying your bs posts about 20k layoffs without backing it up

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Post ID: @fqv+1peFskNt

These add all art of the original 5000. This is not a second round.

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Post ID: @afo+1peFskNt

Aetna and old CVS to be let go this week 20,000 cuts jobs offshored gotta get out now.

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Post ID: @huw+1peFskNt

So it's true? Us Aetna folks are the first to be impacted until most of us are phased out? :(

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Post ID: @vln+1peFskNt

Confirmed; two people I know were laid today.
Both in Aetna both work in IT space and nothing tied to Workday/HR.

Both were cloud engineers.

At some point, better off just leaving before being next in line.

Talak seems to love this; he was sued at a previous employer for this:
https://legalnewsline.com/stories/510661189-disney-hit-with-class-action-lawsuits-for-allegedly-replacing-employees-with-foreign-workers

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Post ID: @rne+1peFskNt

Layoffs are expected through 2nd week of December.

Will be a pause until March of 2024.

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Post ID: @ghj+1peFskNt

Significant cuts today in HR…whole teams cut

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Post ID: @dhs+1peFskNt

What's the last day now? I'm hearing Friday there's a big meeting set late in the day.

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Post ID: @aps+1peFskNt

I've learned of a few in DDAT...it' not just HR

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Post ID: @ngk+1peFskNt

Aetna employees are top of the list just like in August

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Post ID: @rse+1peFskNt

In response to “How can it be enterprise wide if it was due to the workday transition?“

Because I’m not talking about HR layoffs…

My team is not one single hand in CZ/workday. Our area is finance and was told it’s not just finance/HR it’s all areas across the enterprise have another haircut to take after being told all cuts were already done not that long ago.

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Post ID: @ajl+1peFskNt

Op here - in response to :

HR was told in August that 500 people would be let go at the end of October. They wanted to do it with the first round, but they needed to keep us during the Workday transition. They told us this openly in a general HR town hall.

The layoffs I’m referring to are NOT HR layoffs. The people on my team have zero to do with CZ/HR/anything of the like.

We are a finance team and I was told other NON hr teams are effected.

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Post ID: @epr+1peFskNt

How can it be enterprise wide if it was due to the workday transition?

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Post ID: @flz+1peFskNt

Corporate IS confirmed. Not me, so far, but several I know personally have been let go this morning. Zero notice, as in people were in meetings one minute and being let go as soon as they went green in Teams.

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Post ID: @hrw+1peFskNt

HR was told in August that 500 people would be let go at the end of October. They wanted to do it with the first round, but they needed to keep us during the Workday transition. They told us this openly in a general HR town hall.

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Post ID: @elm+1peFskNt

So anyone here is subjective to being let go? How many this time 25,000 I hear.

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Post ID: @ods+1peFskNt

Network retention

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Post ID: @hpj+1peFskNt

“What department are you in?“

Without doxing myself I work in the finance building.

My manager was told by our SVP it was not just those in finance affected but enterprise wide.

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Post ID: @awp+1peFskNt

I hear Medicaid and Medicare are shifting workforce overseas all levels. As of 03/01/2024 will be offshored completely. HR, SVC Ops,

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Post ID: @zto+1peFskNt

What department are you in?

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Post ID: @ejo+1peFskNt

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