Both have earnings falling off a cliff, uncompetitive offerings that no one wants, and trash CEOs with horribly incompetent leadership who have collapsed their stock values and destroyed $50B+ in value each... hate to say it, but that 15K layoff announcement from Intel is likely a preview for what we might expect from CVS next week... just like them, not a single part of our business is doing well (Medicare and IFP DEEP in the red, PBM all but dead in the water considering criminal mismanagement and loss of trust, retail business is a joke at this point with massive traffic and sales misses and disgusting stores, Oak Street and Signify looking like bigger disasters by the day as they continue to burn cash, etc.) and there is absolutely NO strategy to turn things around... But don't worry... the board is so bad that they'll probably give Queen Karen another $20M+ so she can continue "taking up space" and driving this company into the ground while thousands of rank and file get canned.
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They could use the extra office space for incubator space and let health related startups use it to innovate. That's visionary. Omnichannel might have been visionary 20 years ago, but ship has sailed with little of substance.
Interesting comparison. The digital changes should have been done clean room in a startup environment. Now they have a legacy infested mess.
OP, agree 💯. Very good analysis of the state of affairs.
LOL... keep drinking that Kool Aid. The fact that CVS is remote with good work life balance is part of why our cost structure is SOOOO bloated and even more reason cuts will come. We may also be #1 in terms of size but we've been bleeding share and losing customers left and right... not to mention a HUGE percentage of those stores "on every street corner" you mentioned aren't profitable... soooo.... good luck with your delusion.
cvs folks are remote, more work life balance , and its the number 1 pharmacy, in every street and corner of the US. so everyone will be safe.