Don’t wait to be fired. The coming layoffs in 2025 will be MASSIVE. The plan is to split the company in two. Insurance will remain as CVS Health. The Pharmacy business will be sold to Private Equity. The stores will close. It will become a mostly online business. The plan is to maximize layoffs and liquidate the stores. To the shills who will put 9-15 minuses on this. Go to H—ll. You are M-r-ns.
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“Goodwill name of CVS”.
Haven’t laughed that hard in some time.
Seriously, if an entity can’t take care of the employees that earn the profits for them, I’ll shop elsewhere and pay more. Those companies that treat colleagues as disposable cannot be trusted to do the right thing with anyone.
It's not if but when they break apart. With all the government now looking into the structure. Rumors existed years ago was that it was planned to close out the Aetna brand. Which state is cheaper from a corporate perspective RI or CT?
Wait for DDAT to become its own Optum and a subsidiary as the next step.
If the company breaks apart there’s no way the insurance business keeps the name CVS Health… when they literally all still cling to the identity of being Aetna and bleed purple and 9,000 stores have a sh-t ton of physical signage and branding and sell merchandise in stores branded “cvs”
Speculate which side remains as the surviving entity and who gets bought by PE or otherwise… but if they split there is 0% chance the insurance business remains “cvs” and the stores have to go through a very expensive rebrand. The goodwill of “CVS” is with the identity of the stores not the health insurance.
the pharmacy business will not be sold off. It's their money maker.
Why doesn’t CVS sell itself to TCS for $1 to make it official? There won’t be a need for “contractors” and culture will be Tcs appropriate. Lose-lose!
I think if you read between the lines this might help with how the board, Glenview, and the puppets are going to at least with Medicare.
https://www.hartfordbusiness.com/article/in-tumultuous-year-for-aetnacvs-health-kanes-time-leading-hartford-health-insurer-short
The break-up rumors all stemmed from the meeting Glenview Capital had with CVS execs. Glenview is a major shareholder of CVS, and wasn't happy with how things were being run and had their own ideas of how to run things. Someone here speculated that Glenview Capital was in no position for a big move and they were wrong, as Glenview not only got the CEO ousted, they also got 3 or 4 seats on the Board of Directors. (I forget exactly how many seats they got) Plus remember in that whole ordeal, CVS named their chairman of the board, Rodger F., Executive chairman of the board. Seems like nothing but a fancy title, but no, Executive chairman actually calls the shots more than CEO. With Glenview now having a big say in operations at CVS, AND having the ear of the executive chairman, it seems likely that they'll get whatever they want. So if you really want to know what's gonna happen to CVS, the answer lies in whatever plans Glenview has in mind.
😂
Funny how when there was recent talk of breaking the company apart, rumors were quickly shot down as false. Yet here we are and the rumors persist. That said, I don’t think this will happen. I do think that there will be more layoffs and store closures, but getting out of retail entirely I am rather skeptical of that. However with Walgreens potentially being sold to private equity l guess that anything is possible.
And thats a bad thing because?