Thread regarding CVS layoffs

which areas of DDAT did the layoffs impact?
Layoffs were not in question, I think it was the number. 2500 is a significant number after 2 years and multiple rounds that have already reduced the corporate force by a decent bit. Bloat still persists but 2500 is a headline number.

So this post was a week off. Layoffs in DDAT started today and allegedly will continue into tomorrow and maybe later into the week.

Let's settle this.

Retail convenience is dead.
Mail order pharmacy is on the rise.
Aetna left the ACA, which most likely will die a slow death due to premiums anyway.
Medicaid...states don't have the money. Feds don't have the money. Providers hate it.
Medicare...the backbone of HMOs for a decade or more is on the down slope due to boomers aging and running out of money and Gen X not being able to afford it.

Outsourcing to foreign workers to increase profit while the US throws immigrants out.

Debate all you want. Happy hunting. Invest in a crystal ball.

@2t2 CVS net income has declined year-over-year, with a 45.2% drop in 2024 compared to 2023 and a 35.17% decline in the 12 months ending June 30, 2025. This is largely due to higher medical costs impacting its Aetna insurance business.
2024: Net income was $4.6 billion, a decrease of 45.2% from $8.4 billion in 2023.
First 12 months ending June 30, 2025: Net income was $4.5 billion, a year-over-year decline of 35.17%.
Second quarter 2025: Net income was $1 billion, a 42% decrease from the same quarter in 2024.
Reasons for the decline: CVS attributed the decrease to elevated medical costs, particularly within its Aetna insurance segment.

@2t2 LOL look at profit (net income) not revenue. It’s down 7% yoy.

Even when CVS says in their documents, that the pharmacy industry and insurance industry is struggling, you will still su-k on CVS co-k

CVS Health is not currently in financial struggle. In fact, its recent performance suggests a rebound and growing strength.

Q2 2025 Financial Highlights:

Revenue: $98.9 billion, up 8.4% year-over-year
Adjusted EPS: $1.81, beating expectations of $1.46
Cash Flow from Operations: $6.5 billion year-to-date

Full-Year Guidance: Raised adjusted EPS forecast to $6.30–$6.40 and cash flow guidance to at least $7.5 billion

Operational Momentum:

Aetna, its insurance arm, has rebounded after a rocky 2024, contributing to stronger-than-expected results
CVS Pharmacy is acquiring assets from Rite Aid, expanding its footprint
CVS Caremark is showing strong renewal and sales performance

Market Reaction:

CVS shares rose over 5% following the Q2 earnings release
Analysts view the company’s strategic initiatives and revised guidance as signs of resilience and growth

So, while CVS faced challenges in 2024; especially in its Medicare Advantage business, it has turned a corner in 2025 and is showing solid financial and operational progress.

• Stakeholders and Investors Forum

@2nm LOL

https://www.cvshealth.com/news/company-news/omnicare-initiates-voluntary-chapter-11-process.html
“ The Company also intends to use this process to address other financial challenges facing the broader long-term care pharmacy industry”

https://www.kiplinger.com/personal-finance/shopping/cvs-is-closing-more-stores-what-it-means-for-you

https://www.bizjournals.com/rhodeisland/news/2025/09/25/what-happened-to-cvs-omnicare.html

“Decade of struggle for pharmacy”

Of course they wont cover this in Town Halls because they don’t want employees to flee and no work to be done.

@2kf

The advisory article is a year old! Way to go with your astute observations. In 2025 news, Walgreens is going private and CVS just completed the Rite Aid acquisitions last week.

@2hx Company Townhalls are for Company Propaganda, not for actually showcasing unbiased financial results.

@2ke oh agreed. It’s so funny how Townhall never mentions the amount of articles about CVS’s terrible financial situation!

https://www.advisory.com/daily-briefing/2024/10/21/retail-pharmacies

Keep on closing your stores, but pretending everything is okay. While everybody else has expanded in the last 5 years

@2hx Townhall are for hiding bad financial situation of the company, so the employees arent worried. Medicare was bleeding money in 2024, and the Town Hall meetings didnt say sh-t until it was too late.

For the market cap and the financial statements, CVS has been losing ground little year over year. Look how much the stock has risen in the last 10 or 7 years. Compare that to the sp500. We are a long term loser on Wall Street

@2gy

This was your opinion. No company in the world runs on 100% Revenue and No Debt. Most large companies maintain debt to increase credit worthiness. Companies maintain debts for their strategic and financial reasons such as tax advantages, low interest rates, capital efficiency, bond market timing, leveraging ratchet effect, refinancing pressures, and government incentives, etc. Why don't you check the balance sheet or the EBITDA to see how the company is doing? This is why companies do Townhall meetings to give an overview of the financial situation and projected forecasts.

@2ez

Look at how many times this post was shared. Look at the number of views. Company Leaders (especially the "Darth Vader" who decides who will stay who will go) are reading these posts and adjusting their timelines.

Total Shares 10
Emails 4
Reddit 3
LinkedIn 1

@2ez CVS has loads of debt and not doing well financially

@2cf Haha!! As predicted, the moving of the goalposts. You truly don't think anyone buys this anymore, do you? Keep wasting your time, wishcasting for people to lose their jobs. You've been exposed as a truly sick and deranged individual. Get help!

@2ca

Phase 2 was a Typo. It should have been 11/24/2025.
Phase 1 was delayed after it was revealed in this forum. It's now rolling in January third week.

Oh, look. "Phase 1" and "Phase 2" have since passed and there have not been 2,000 layoffs. While I feel sorry for those who fell for this ChatGPT generated nonsense, let this be last time you put yourself through that for unsubstantiated and easily debunked rumors. There are truly sick and deranged people out there. Be prepared, this psycho will be back with another bogus post right before the holidays. Please join me in praying for their soul.

@17d No sh-t there has been. The numbers and the dates, therefore, the entire context of his bogus post titled, "year-end workforce RIF" has been totally debunked as having been generated by ChatGPT. Move on!

@bc

Thay maybe a Typo. Many departments are bracing for the storm coming.

@16t
Except ther have been layoffs.

Are the numbers right? No.

@16r Please read through this entire thread. This has been debunked and confirmed to have been generated by Chat GPT. Do not give the perpetrators of fear mongering and wishcasting one more minute of your time.

Is this really true about layoffs ?
Are they targeting from IT or product ?

@xc Except there aren't 1,000 coming on any of these dates. Bookmark the post, refer to it and rinse/repeat, when the next one shows up on 10/21, a day after "phase 1 & phase 2" both occurring on 10/20 passes. The next will be predicting doom coming on 12/1, of course.

Probably a lot of Omnicare will be gone

Here we go again. New month and new fear 'the layoffs are coming' posts.

CVS has about 200,000 employees and if you are one of the 1,000 maybe not great news but keep in perspective.

@mz "this hellscape" = just a dope on a forum pretending they're a current employee, wishcasting that others will lose their jobs, by giving credence to debunked ChatGPT generated nonsense. Next!

Some of us are hopeful it isn’t fake and want the sweet release from this hellscape

@mb if it wasn't clear by now, it's fake. Next!

Is this corporate? Omnicare related? Aetna only? Store closure related? Or all of the above?

@h0
So angry...
There's more than one. And all financial decisions report up above HCB.

Thank you for being the poster child for Aetna and their open hostility towards everyone else they work with.

Brian has nothing to do with cvs. Hes the SVP of Aetna. Read D-mbazz. Maybe you mean David? Signed someone who can read.

Brian is all CVS Health, not just HCB.
Positions are posted, then cancelled. Or there may be an internal candidate.

CVS or under Brian in HCB? HCB is hiring so..

As sad as this is, why are people surprised that DDAT will have ongoing RIFs?

There are so many people in DDAT at this point. Tracking hours both contractor and employee. People in managerial roles who do nothing except hold one on ones and cancel meetings.

Some bean counter is looking at funding, salaries, and ROI.

It was mentioned by an exec in DDAT during a large meeting at the end of August.

Who and where were these reductions mentioned?

@fe
That's correct. Warns are after the fact.
If reductions were mentioned 2 months ago, it's not a matter of if, just who and when.

@e9 pretty sure last year the WARN went out after all colleagues were notified. They were kept on payroll until the year end, which is how they get around properly notifying their employees that layoffs are coming and mitigating situations like this where everyone is in limbo for months. It was announced almost 2mo ago that “reductions” were coming and it’s ki-led morale and collaboration. Pi-s poor leadership, as usual.

Ooooooo.......ooooooo......ooooooo.....pick me, pick me, pick me!!!!

There is no way this could be true. Warn notices for that many laid off would need to be filed 60 days in advance.