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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| 39363 views | | 84 replies (last August 23, 2023) | Reply
Post ID: @OP+1nTsSVdG

84 replies (most recent on top)

Has anyone heard what the severance will be?

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Post ID: @1lvn+1nTsSVdG

Anyone hear if IT is effected?

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Post ID: @1dji+1nTsSVdG

Kelly Munson, Senior VP Aetna Medicaid is leaving. Her last day is Friday.

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Post ID: @1rdp+1nTsSVdG

We were advised by our director that managers were sent a training and information on how to go about delivering layoff news to their teams. No managers from our department received this training so he thinks this is a good sign but he doesn’t know much else. I’ll take it with a grain of salt. I’m in WFM

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Post ID: @1dya+1nTsSVdG

Was told a Store in Albany NY was being closed in Late September. Was announced last night. Reason given was the layoffs. They lied about it being non customer facing jobs.

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Post ID: @1ble+1nTsSVdG

@1uab+1nTsSVdG

In the news article posted about the layoffs, it specifically stated that stores, pharmacies, clinics, and ~customer services centers~ will not be impacted. Not sure if you're management team that talked about this is truly in the know, but you may not be getting good information.

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Post ID: @1hdw+1nTsSVdG

In our meeting this morning we were told that CVS is going to be transitioning to outsourcing most of their customer service (for the Medicare side) to India, and that's probably where a lot of the 5000 is coming from.

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Post ID: @1uab+1nTsSVdG

A lot of you have issues with following directions. Please post only CONFIRMED LAYOFFS. Not speculation, not questions - Confirmed layoffs only

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Post ID: @1zfv+1nTsSVdG

Our manager told us he doesn’t know anything about our team. So who knows. We are in Workforce Management(call center)

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Post ID: @1szj+1nTsSVdG

sToP aSkInG qUesTiOnS oN tHiS tHrEaD - cOnFiRmEd LaYoFfS oNLy!!!!

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Post ID: @1irc+1nTsSVdG

Caremark president sent an email to PBM colleagues yesterday referencing Karen's email. Two senior VPs - one in network services and another in government services - will be retiring. There will be organizational changes to be announced in the coming weeks.

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Post ID: @1gud+1nTsSVdG

Has any news been about layoffs for work from home jobs? Just got hired in training right now just beats it all.

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Post ID: @1gwn+1nTsSVdG

I heard MIlton and his stapler are moving to the basement in Hartford, office next to the gym.

They are not going to tell him he has been laid off. Ba----ds.

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Post ID: @1gtv+1nTsSVdG

My Lead at Aetna is clueless and has asked the director who is still looking for answers . Bottom line no one really knows !
Maybe the AVP , VP but not exec D

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Post ID: @1glo+1nTsSVdG

What is the termination date?

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Post ID: @1pnc+1nTsSVdG

Clinical Trials (CTS) is letting people go. Just not sure of the count.

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Post ID: @1dhr+1nTsSVdG

Just announced that 2 Caremark SVPs (SVP Network Services and SVP PBM Government Services) are "retiring"

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Post ID: @1vus+1nTsSVdG

Hey @qon - no cuts in Specialty Pharmacy

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Post ID: @1szt+1nTsSVdG

300 people, the entire group employed by simpledose... this includes two call centers (RI and FL), and the three physical dispensing sites (CA, IN, VA)

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Post ID: @1lmy+1nTsSVdG

I spoke with an exec director and she had no clue too - she have not been informed of the layoffs yet, but they are concerned that our entire team may be laid off and our responsibilities transferred to another team. She also believes that even if we survive the layoffs, there will be an avalanche of burnout as a result of such a massive layoffs. Now, some groups will be affected more than others, so some groups will not feel an impact.

Overall, it'll be bad as this will be a deep cut.

Good luck all.

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Post ID: @1uhg+1nTsSVdG

"... PLEASE STOP ASKING QUESTIONS ON THIS THREAD."

Apologies up-front for an off-topic violation of your request, but is the inability to follow a simple direction as prevalent in the office as it is here?

Good luck ... and sympathies.

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Post ID: @1loh+1nTsSVdG

Who dis pickle pete?

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Post ID: @1gsd+1nTsSVdG

CAN YOU PLEASE STOP ASKING QUESTIONS ON THIS THREAD. LEAVE THE COMMENTS TO CONFIRMED LAYOFFS ONLY!

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Post ID: @qsf+1nTsSVdG

Which division from Burlington MA ?

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Post ID: @dxx+1nTsSVdG

Please confirm department and/or BU of “clinical”

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Post ID: @wbx+1nTsSVdG

Please confirm department of “clinical”

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Post ID: @fyl+1nTsSVdG

Kindly please stop asking questions on this sub other than to confirm the count or department of previously mentioned layoffs if the message fails to mention it.

So far we have 1 ED in pbm
200 people in simpledose
1 Sr financial analyst FP&A
125 clinical.

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Post ID: @vnk+1nTsSVdG

There's still 3 weeks left of the first round

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Post ID: @xmn+1nTsSVdG

Anyone from the Specialty Pharmacy?

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Post ID: @qon+1nTsSVdG

Obviously

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Post ID: @hru+1nTsSVdG

Are these conversations already happening?

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Post ID: @xup+1nTsSVdG

1 Software Engineer in Burlington, MA

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Post ID: @fep+1nTsSVdG

Not sure what you mean by SimpleDose being a “digital team.” My source of this information is my friend working on that department. They found out today right before lunch.

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Post ID: @tck+1nTsSVdG

What’s 125 clinical? Do we know departments? Are these mostly Aetna folks?

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Post ID: @kes+1nTsSVdG

Simple dose is a digital team??

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Post ID: @cmj+1nTsSVdG

How are people finding out?

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Post ID: @bjq+1nTsSVdG

Anyone in mail order?

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Post ID: @hmt+1nTsSVdG

Anything more specific about clinical?

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Post ID: @ehm+1nTsSVdG

SimpleDose team is roughly 200 people

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Post ID: @tuu+1nTsSVdG

OP here. This is not speculation. Only post confirmed info here. Any idea how big the SimpleDose team is?

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Post ID: @mwq+1nTsSVdG

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