Who even knows which employees are more likely to be on the chopping block for the next round of layoffs? If it’s my manager, do you really think he’d be upfront with me if I asked him directly? I’ve got a job offer, but the pay is lower, so I’m not ready to leave unless I’m sure my time here is running out.
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Be aware, there have been instances in 2024 when VPs have not received notification of employees in their area being laid off. HR messed up in some cases with notifying VPs and other management that their people were being laid off. In some cases, only the direct manager of the person being laid off was notified on the day HR wanted the layoffs communicated. Big mistakes made by HR in some cases with how they handled things.
All direct supervisors (Senior Managers, Directors, Executive Directors, and VPs) are aware, yet they remain silent or pretend to be uninformed. Their performance could easily win them an Oscar. The leadership is rife with dishonesty and hypocrisy, expecting complete honesty from the general staff while failing to embody those principles themselves. There's a significant disconnect and an issue here
I had gotten another job offer earlier in the year and didn't take it. The pay was better, but the growth opportunity was lower, so I stayed. It's an investment in the future at this point. Do you believe CVS will do better in 2025 and onward than it is right now? Do you think the bonus in those years will be funded at a decent level and there will be growth opportunities for you? If those answers are no, maybe that lower-paid offer is better if the rest of the picture (future opportunity or something else) is better.
@xii It's not that I won't accept any offer, but the one I got is not that good. But if I knew I had to choose between that and being unemployed, I'd take it. That's why I asked.
@ccp+1vFlozrC ... the hedge fund doesn't own a majority of shares. Just an influential amount at 0.95%.
These lists are managed by VP or above. Your manager likely will not know even if you ask him or her directly
Make sure you look at growth and bonuses for your complete salary. The bonuses are going to be terrible. Raises too. Until CVS as a company figures out they are top heavy most likely things will be stagnant for awhile.If you know how companies save themselves in times like this, it's not an overnight fix where things are great. Layoffs, offshoring, cutting expenses.
They keep lowering the stock price target and now there another hedge fund with a majority of shares too.
So you won’t accept another job offer if you potentially will not be on the next layoff? That is no way to live. There will always be a possibility even if the company does better.
They do eeny meeny mynee mo
Yeah..it's you specifically. You are the next layoff.. we all know. We HAVE known.. Please don't interpret this action as reflecting negatively on your job performance. This was a corporate decision and in no way should be viewed as a punitive measure. Grief counceling will be available.
Managers usually don't know who is being layed off and when, until it's going to happen. VP level should know.