Thread regarding CVS layoffs

Take a guess on bonus %

What do we think Karen will tell us in the next few weeks? I’m thinking 95% incentive pool

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| 1811 views | | 14 replies (last February 19, 2024) | Reply
Post ID: @OP+1qYr5GpG

14 replies (most recent on top)

Nope, 83.1% it is. Might want to get your hearing checked out then Harve :)

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Post ID: @bcxe+1qYr5GpG

CVS should take a page out of HCSC book. When time were hard they give all their employee except the c suite leadership a little bonus to help out financially during Covid shutdown. Not only that they did it multiple time and even give everyone a pay raise

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Post ID: @7ybl+1qYr5GpG

The executive leadership should be forced to take a severe pay/bonus cut. Enough is enough with the little guy/girl getting sc--wed over the horrendous financial decisions of Karen and her court of id--t jesters.

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Post ID: @7wny+1qYr5GpG

I think you are way off....I heard 83.2%

LOL..."hearing"

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Post ID: @6hxh+1qYr5GpG

Hearing 83.1%

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Post ID: @4exx+1qYr5GpG

Karen’s bonus would have saved all our jobs for a couple of years.

Absolutely greed. What goes around comes around…

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Post ID: @3hhr+1qYr5GpG

The silence around MIP funding has been deafening. I’ve been in a MIP eligible role for 5 years now and can’t recall a single year where we hadn’t been given a ballpark of how MIP funding was performing months before payout in my time. I’m assuming it’s because they are scrambling to figure out a number that won’t cause a mass exodus after they instigated their own mass exodus. I, for one, will not be sticking around if it’s less than 100% given the amount of extra work I was asked to take on without any extra compensation and after they laid off over a third of my team last summer. It makes no sense that we should pay the price for executive missteps and when Karen’s single-year annual bonus would allow me to pay off my home, my parents home, buy a beach house, and never have to work again at just 36 years old.

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Post ID: @2nub+1qYr5GpG

Question is what was the target operating income set at. Hopefully lower than last year.

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Post ID: @2qzu+1qYr5GpG

Staff has been advised by leadership to maintain realistic (low) expectations regarding bonuses.

If we are having difficulties funding regulatory-based IT initiatives, it serves as a clear indication of the current situation current employees are in.

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Post ID: @1opa+1qYr5GpG

60-70%

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Post ID: @1poh+1qYr5GpG

Guys, 80% of it is determined by adjusted operating income, which fell almost 3% vs last year. Karen’s smiley town halls and videos are really going to cause a whole lot of you to feel blindsided next month. Temper your expectations now!

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Post ID: @1odk+1qYr5GpG

It would be appreciated if someone could confirm that when you find out. Since I am not a part of the company anymore this forum is a reasonable (not infallible) source of information. It’s a good community of people. Thank you.

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Post ID: @fgw+1qYr5GpG

I’m guessing 80%, no way it’s over 100% or they’d have been blasting out regular updates like last year

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Post ID: @ygz+1qYr5GpG

120% like last year, nothing changed!

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Post ID: @grz+1qYr5GpG

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