Maybe someone has an idea about the criteria that will be used to determine who ends up on the layoff list?
12 replies (most recent on top)
The criteria is you have to be employed by CVS.
Duplicate roles, Like if someone is doing something at Aetna that that same person can bundle in on the PBM side, one goes, one stays
Boomers
If you don’t have your pronouns listed in your email signature then you meet the criteria.
It's been reported non-customer facing jobs. So if you don't directly work with customers, members, clients I'd be worried. HR, Management, IT, teams that are training offshore teams.
If you aren’t best buddies with Karen, Prem or Michelle.
I'm sure there are criteria and it usually is get rid of anyone you want to first. Then some high cost people who are usually middle managers with long tenure, high salary and such.
Next is who/what can you get to afford not having.
They actually try and keep newer people as they are cheaper.
We only have about 10 people on our team. Not sure how they would cut anyone when we’re already struggling with the workload we have now.
When I was there and had to lay off 40% of my workforce, the criteria we used was performance (anybody below a meets rating), and if you still needed to cut deeper than that, anybody with a low meets rating, then middle of the road meets with short tenure. Also people in middle management positions that can be consolidated with other roles are pretty vulnerable, especially if they have a high salary and are a “meets” performer.
Seems like the email stated they are letting go of “positions” meaning positions they don’t feel are necessary anymore. I don’t think it’s based on specific people. More like their job title and role they play in the company
There’s no one size answer. If you were given a number to cut from someone in senior leadership, you started with your poor or lower performing folks. If you had a 1 or 2 rating last year, your turnaround would have had to have been incredible to not get put on the list. Anyone performing poorly at mid year would be there too.
Once it gets beyond that it is likely a matter of either eliminating work that is simply unnecessary or can be consolidated with someone else with similar skills, or even just picking people based on time in role (less senior, more likely to go on the list).
I’m sure one of them is if they like us or not