Thread regarding CVS layoffs

Layoff Tracking Sub

Hello all. Reply to this post only if you have confirmed knowledge of a layoff.

Report count, department and title.

1 Exec Director in PBM. (heard from a colleague who is a lead director in PBM)

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| 39370 views | | 84 replies (last August 23, 2023) | Reply
Post ID: @OP+1nTsSVdG

84 replies (most recent on top)

Not sure if this applies at all

https://www.dli.pa.gov/Individuals/Workforce-Development/warn/notices/Pages/August-2023.aspx

CVS Health
1425 Union Meeting Road
Blue Bell, PA 19422

COUNTY: Montgomery
# AFFECTED: 157
EFFECTIVE DATES: Beginning: October 21, 2023 -
Ending: December 30, 2023
CLOSURE OR LAYOFF: Layoff

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Post ID: @mgfw+1nTsSVdG

it seems to just be research roles, sales, etc. i heard a few coordinators were getting the boot.

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Post ID: @hzyy+1nTsSVdG

It appears the entirety of Operational Excellence got the boot.

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Post ID: @hlua+1nTsSVdG

Design, accessibility, and user research took a big hit. The teams that put customers first.

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Post ID: @gyxh+1nTsSVdG

I can confirm the Mac Team lost a few people. Undetermined amt. They told us they dont have much info to anything else

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Post ID: @gaxz+1nTsSVdG

5 Engineers from Digital
VP and SVP
All the Scrum masters I know
some Accessibility folks
1 remaining QE

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Post ID: @fobo+1nTsSVdG

Merchandising roles cut in FS

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Post ID: @fjko+1nTsSVdG

PBM enterprise architect(s)

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Post ID: @etnu+1nTsSVdG

Some members of the Aetna MAC team- uncertain of how many.

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Post ID: @ecze+1nTsSVdG

7 eliminated in Medicaid Engagment HUB. Staff notified already. No further cuts coming. (Most took place in March)

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Post ID: @eviw+1nTsSVdG

2 people from CVS Caremark Rx Sales support.

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Post ID: @ddly+1nTsSVdG

Product development / my patient care

1 VP, 2 Exec Dir, 5 Ld. Dir 5 manager

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Post ID: @dpzf+1nTsSVdG

I’m a contractor on the digital side and a slew of us just got the axe today. We were told by our recruiting companies. Our managers had no idea until we told them we got the call.

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Post ID: @dvrk+1nTsSVdG

In a company wide meeting at Accordant, many high level directors were informed today about being let go CVS Corp side

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Post ID: @djab+1nTsSVdG

Digital Retail has heard layoffs will likely roll-out on 8/14 and 8/15.

With severance compliance, most companies ask people to work 2 weeks to wrap things up. That means the last day would be 9/1, which aligns well with corporate's return to office starting 9/5. Next Mon/Tues also is exactly 2 weeks from when the layoffs were officially announced.

Wishing everyone the best in this hard time

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Post ID: @abhx+1nTsSVdG

Any updates? Seems like after 2 weeks we are still waiting for the bulk of 'layoffs' to be announced.

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Post ID: @aqxt+1nTsSVdG

The 8/16 Email is related to o365 migration for email accounts - just a poorly timed change unrelated to the layoff.

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Post ID: @7cfd+1nTsSVdG

What department's or office got the email

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Post ID: @7bgx+1nTsSVdG

What do you mean by re train?

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Post ID: @7jfv+1nTsSVdG

You're reading too much into it. CVS will keep you on until October in order to re train. Otherwise you won't get severance

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Post ID: @7qyv+1nTsSVdG

Some of my coworkers received the email this morning and some of us did not. Maybe we are reading too much into it. 😩

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Post ID: @7hus+1nTsSVdG

I don’t have any emails regarding outlook storage access ending on 8/16. Last email I have was from 5/15 regarding a change in access to PST files.

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Post ID: @7jvh+1nTsSVdG

When and what time did u receive email on losing outlook storage . Would like to check my email as well

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Post ID: @7vwa+1nTsSVdG

Do you mean an email regarding access to Outlook personal storage files? I got it too.

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Post ID: @7jqu+1nTsSVdG

Has anyone else received an email about losing access to Microsoft outlook on 8/16? Seems foreboding :(

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Post ID: @7ehr+1nTsSVdG

Im from DHD H4L and we haven’t had any news

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Post ID: @4fsz+1nTsSVdG

They announced the clinical trials business was being shut down back in May. I doubt it's part of the 5k

https://www.fiercehealthcare.com/retail/cvs-closing-down-clinical-trials-business-after-2-years

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Post ID: @4mwu+1nTsSVdG

Not much traction of layoffs from the Digital side of corporate on Friday. Alot of tension and anxiety as we await to see if our number is called.

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Post ID: @4rvx+1nTsSVdG

Aetna marketing had 3 layoffs announced yesterday.

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Post ID: @3fpl+1nTsSVdG

To the last commenter, which dpt were those ppl from?

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Post ID: @2eka+1nTsSVdG

3 people confirmed layed off today. God bless anyone affected.

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Post ID: @2tqf+1nTsSVdG

Received a vague HR email today that some HR folks are being let go.

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Post ID: @2izx+1nTsSVdG

Does anyone know when they will let the effected people know they are terminated? I would also like to know if anyone has info about severance.

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Post ID: @2imf+1nTsSVdG

Are most layoffs on the Aetna side or sub division

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Post ID: @2mtl+1nTsSVdG

Can we bump this to the top of the forum and have a different thread for questions please? I appreciate whoever created this thread.

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Post ID: @2yip+1nTsSVdG

Why can’t we ask questions? I have questions.

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Post ID: @2pnu+1nTsSVdG

Director confirmed none will be from the safety & environmental dept.

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Post ID: @2yro+1nTsSVdG

I got laid off last time in my 3rd week of training. You can be laid off too

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Post ID: @1nqd+1nTsSVdG

How do you know that new hires won't be affected?

New hires are the most likely group to be let go in such events.

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Post ID: @1abv+1nTsSVdG

new hires / people in training will NOT be affected

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Post ID: @1poz+1nTsSVdG

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