I am trying to not just drink the Kool-Aid, I understand cost cutting, running a lean department. I am looking at budget's acoss to my whole entire market, we have cut so much of the time we used to just keep the doors open. My market was up in sales all year and have continued to be through 2025 almost every location is down 40 to 45 even 100 hours. A better way to describe it. Do exactly what you did last year, add a few additional tasks, cut no workload and do all of that by yourself because you're by yourself three out of 7 days a week. I know we're trying to control costs, but this deep cut is going to cost us actual sales because we can't keep up
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I’m in a state below tenn
Our fs hours are cut deep
Low vol stores 130 hours
High vol 200 hours
Approx 20 hours cut per week per store
( some 30 - some 10 )
Welcome to CVS. These Mo--ns think that’s how you run a company. They don’t care about people at all, just money. That’s why it’s tanking. When you do bad it comes back to you.
Any word on retail field restructuring or cuts
CVS will never give enough hours to the employees, unless they lose most of their customers.
There was a leaked PCW financial document showing the clear decrease in hours to improve profitability. These efforts will continue to increase the stock price as much as possible, that is until unionization/walkout conversations start to bubble up again and become a PR problem. It probably won't be until then that you see any more hours.
I don't like it either, but this is the reality of having an overly concentrated hedge fund running your board. Sorry.