I started just over 3 months ago. Are new hires more at risk? Is there a salary threshold for their decision making? Ie if you are under $X salary they don’t bother, for example.
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They like laying the new hires off. They pay them the least in severance.
Ive only been at cvs a few months but was told by my director that they believe I am safe. But who knows.
I honestly think the layoffs will consist of new and old. The people who have been at cvs for years usually have bigger salaries.
If you're underpaid then you'll probably stay but don't expect a 3 percent increase every year. More like 1 or 2.
When you talk about last year's layoffs and new hires being let go.... are you talking about the Coram layoffs?
Those happened in physical stores right
Hello... Any insights about the roles of these new hires who got laid off?
Were they sales, IT, A&bc, HR etc?
Last years layoff , people who had just been hired, a couple who had only been here one day, were laid off.
Contractors will be first out the door this wave
I've heard from my manager in A&bc that we don't have the budget to continue with contractors beyond the next few months.
If I'm not mistaken A&bc has 2500 full time employees and around 300 contractors currently.
@@lbm+1nV4uJSX I am a full-time employee.
@OP+1nV4uJSX I’m wondering the same. Started 5/15. I’m a contractor though. Are you an employee or contractor?
I think new hires are paid more than existing resources . 409 makes around 120 ish where as new joinies get the same now
It depends. If there is a tenured employee doing same job as you that’s being paid twice as much, they’re getting the axe first.
But new hire salaries are a drop in the bucket compared to senior folks - why?
new hires are first to go usually
I think everyone is at risk. My whole training department got let go mid training when I was laid off in 2018.