Thread regarding CVS layoffs

Does this layoff include contractors?

So I was manually counting around in Teams Org chart and found out we have 200 contractors in A&bc itself.

My personal team has 10 contractors and my boss told me we need to get rid of them by January and they cost us 2.5 million a year.

I hope the 5k layoffs include these confirmed contractor count reductions instead of over-destroying FTEs

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| 2392 views | | 15 replies (last August 4, 2023) | Reply
Post ID: @OP+1nW0itJT

15 replies (most recent on top)

Our org let go lot of consultants in the last 2 months

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Post ID: @add+1nW0itJT

From what I have been seeing, they are hiring left and right in A&BC. I see a minimum of 1 or 2 welcomes emails every month. Most teams are already short staffed because they couldn’t backfill many positions because of hiring freeze. We are already feeling the burnout since last few months.

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Post ID: @etw+1nW0itJT

Some outside vendors aren't paid if they don't meet quotas. I doubt the 5k reference includes vendors or contractors.

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Post ID: @kas+1nW0itJT

@htu+1nW0itJT A&BC is different than IT. It's enterprise analytics really.

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Post ID: @foh+1nW0itJT

is A&BC part of IT? or is separate from IT?

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Post ID: @htu+1nW0itJT

Interesting. Wonder how A&bc will survive the pressure of losing FTEs now and then contractors in December

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Post ID: @mbi+1nW0itJT

the 5,000 is FTEs only -- they didn't include the contractors in the count. that doesn't mean they aren't letting a lot of contractors go -- they just didn't include them in the count. many--maybe even most--will definitely be let go. in other words, it's gonna be higher than 5K.

source: supervisor let me know bc im a contractor

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Post ID: @gqs+1nW0itJT

Her email specifically mentions the company’s need to minimize the use of contractors and vendors.

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Post ID: @vje+1nW0itJT

While there are arguments both for and against the contractors being included in the 5k, I do hope they are included.

They cost us a lot and the reason we keep them around is because we do need them.

To get rid of them would overload teams anyway and on top of that if we lose engineers/scientists as part of this 5k, several teams will be crippled.

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Post ID: @lur+1nW0itJT

CVS also uses third party companies to do call center work. TTEC is one of them

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Post ID: @jtc+1nW0itJT

Just to be clear though, the 5k would not include contractors

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Post ID: @kzf+1nW0itJT

Seeing as how Karen's email said "...and minimizing the use of consultants and vendors," I would venture to say, yes, yes it does.

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Post ID: @fwn+1nW0itJT

Most A&BC contractors will be let go by EOY / no renewal of contracts

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Post ID: @ywb+1nW0itJT

Objective 1 was eliminate contractors and outside vendors . So yes

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Post ID: @xmq+1nW0itJT

Nope - this is only FTE’s being culled

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Post ID: @hsy+1nW0itJT

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