Topics regarding layoffs at CVS

Topics regarding layoffs at CVS

How many of you invest into the ESPP?

Underperforming stock even with a 10% discount (which used to be 15%) severely underperforming the market on a 5 year chart. When will this disaster end?

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| 1010 views | | 4 replies (last March 25, 2019)
Post ID: @OP+YcMUUuH

Store remodel question...

So I heard thru the grapevine that our store is supposedly up for a remodel in 2019. I am a shift supervisor, not a SM, so where/how could I check on our computer system to see what might be going down and when? I don't want to ask my SM since I only... — read more 

Are Health Hubs really failing?

In a previous thread, someone mentioned that the health hubs are failing. Is this true or just rumors? If it is true how are they failing?

Inventory

I’ve never seen an inventory so disorganized. This will be my first with CVS. No extra payroll, still have all the normal weekly activities but expected to deliver an inventory ready store? Am I missing something? Yes I have asked for hours and or... — read more 

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| 1160 views | | 7 replies (last March 23, 2019)
Post ID: @OP+YbtrT0i

Theranos/Omnicare what deal was worse

I thought Walgreens leaders were incompetent for giving $120 MIL TO Theranos...ours paid $12.7 billion for Omnicare...moral of the story...none of these people are any smarter than us...the just kiss a-- and wear nicer suits

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| 740 views | | 3 replies (last March 23, 2019)
Post ID: @OP+YbhpvZg

How long before we have job security again?

Is it ever going to happen? Or are we destined to work with a proverbial ax hanging over our heads for as long as we are employed here? And yes, I'm older and I've been here long enough to remember what it was like when job security was a thing at... — read more 

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| 1023 views | | 3 replies (last March 21, 2019)
Post ID: @OP+Ybon4IH

No remodel, No new signage, no competition.

High volume stand alone store, No Indies, no Grocery pharmacies, only 1 other in town, RA and CVS 10 miles away. Are we set for closure, lease not up for 30 more yrs.

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| 785 views | | 2 replies (last March 22, 2019)
Post ID: @OP+YbgwXPX

Are we ready with teams and plans?

The CVS PHARMACY of the past would have teams assembled Contractors ready and many departments fully involved in this hub idea. My question - Does CVS HEALTH have this ready and waiting? Are any of you just waiting With plans in hand waiting on the... — read more 

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| 1160 views | | 6 replies (last March 21, 2019)
Post ID: @OP+YaHK2xL

Kansas City layoffs

The Kansas City Business Insider is reporting the closure of mail order center. https://www.bizjournals.com/kansascity/news/2019/03/19/cvs-health-kc-layoffs-pharmacists-technicians.html

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| 1050 views | | 4 replies (last March 21, 2019)
Post ID: @OP+Y9UmjkQ

Can we expect any management restructure?

Of course I’m talking about lower and some middle tiers of management. I believe the big fish covered their asses already, so that question I won’t bother asking. In light of the Aetna merger becoming a reality we are aware that there will be some... — read more 

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| 1870 views | | 8 replies (last March 20, 2019)
Post ID: @OP+Y9hr59H

If store managers were smart

Reposted If store/pharmacy managers were smart enough to handle Star source when it first rolled out we wouldn’t need the hiring center. I would take numerous calls a day from other store manager throughout the region asking me dumb questions. If... — read more 

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| 930 views | | 4 replies (last March 18, 2019)
Post ID: @OP+Y8QscY7

Will CVS’s severance package be applied to Aetna workers?

Imagine that an Aetna worker is laid off at this point or even after the integration. What severance package would he receive Aetna’s or CVS’s. Nos sure if any of this was in the merger agreement and if it wasn’t what are the rules that are applied?

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| 1775 views | | 2 replies (last March 21, 2019)
Post ID: @OP+Y8i4y37

Chapter 4..... The Untouchables

Apparently there are more than one set of rules.... one for you low life PMs and the other for field management and above. DL still has his job and it’s going to swept under the rug. All those in the past who have been fired for letting someone else... — read more 

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| 1320 views | | 6 replies (last March 18, 2019)
Post ID: @OP+Y7jTv9r

What’s up with this?

https://apple.news/A7NlXOdanQhqo4VhUng4fPg Makes you wonder why company insiders are buying so much stock? I know it can’t just be because price is low. Nobody buys that much stock for no reason.

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| 872 views | | 3 replies (last March 17, 2019)
Post ID: @OP+Y6BIWj1

BOH numbers

Anyone else been having issues with bohs not updating when reviving a new truck. My last truck was double the size because of this, even my pharmacies pseudoephedrine products are out of control. It’s gotten so bad that they cancelled next weeks... — read more 

It’s beginning to look a lot like Rite Aid....

Story sounds similar- Executives getting investigated for fraud with hyping earnings although Omnicare was going down the drain. Stock starts to slip....stores start to close....now PBM getting investigated in multiple states for spread pricing... — read more 

Store managers run this company

In the end we are the ones that run this company...they might want to start appreciating us...we make sales happen And fill the shelves along with our employees...dont treat us like c-ap and expect us to sell out...its a 2 way street ...we get up and... — read more 

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| 1150 views | | 4 replies (last March 16, 2019)
Post ID: @OP+Y4agXWG

Interesting analysis...

So a financial analyst gave a bullish outlook for Cvs stock and said there is a 40% upside potential to the stock and set a $76 price target for the stock. He basically said he likes the direction Cvs is going, (healthcare), and hence his bullish... — read more 

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| 890 views | | 4 replies (last March 14, 2019)
Post ID: @OP+Y4fMSI2

Asset Protection Going Way of Dodo Bird

Not exactly going extinct but major headcount reduction coming for DAPLs and RAPMs near you. City DAPLS and RAPMS will remain. Country DAPLs will be bye, bye! Suburbs will go green with DL's visiting those. DAPL's will be kept for high volume city... — read more 

Lots of dead wood at Aetna

You might be surprised they will make cuts at Aetna, they have lots of dead wood, especially senior execs just sitting around doing nothing but pretend work, some don't even pretend. It is all known, but nobody hardly ever gets fired, so they'll... — read more 

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| 1030 views | | 3 replies (last March 18, 2019)
Post ID: @OP+Y3umg3w

Store managers bonus pay is in!!!

Store Managers you can see your bonus (paid on 3/15) in myhr under mypay. Mine was very nice. I have to admit it...surprised they paid them out Happy Holidays SM's!!!! Now time to find a new job....

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| 1140 views | | 4 replies (last March 15, 2019)
Post ID: @OP+Y32h60U

It all comes down to poor leadership

If the company stays with the same mindset the trajectory of the company and the stock will only continue is one direction. Make all the excuses for the stock crashing that you want. It all comes down to poor leadership even poorer decisions. No... — read more 

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| 990 views | | 3 replies (last March 13, 2019)
Post ID: @OP+Y2mLX34

This is so frustrating

I really wish there was more transparency from CVS management regarding what's going on with the company and what changes are really going to happen. Right now we are all just guessing and in a lot of cases stressing over things that might not even... — read more 

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| 1440 views | | 9 replies (last March 13, 2019)
Post ID: @OP+Y2iqXkn

Review

I had my review last week and there was not one thing mentioned about my future with Cvs everything was we must execute...blah blah blah. Basically your stuck as a manager in a store that historically has bad service and there’s no way out. So if... — read more 

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| 1220 views | | 4 replies (last March 12, 2019)
Post ID: @OP+Y1QCijq

Chapter 4?

Chapter 3 isn’t over yet. DL is still on the job and trying to play nice.....“NOW”. It’s way past that for the PMs and SMs in the district. All those who know have zero confidence in him. Kinda pathetic of him to put on the Mr. Nice Guy face when we... — read more 

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| 1660 views | | 11 replies (last March 13, 2019)
Post ID: @OP+Y1h0HJ9

How true is the 4/1 store-closure rumor?

Or is that even a rumor? See some people post on this board about closures 4/1, and i want to ask them is that confirmed at their location or is it still in “rumor territory”. At my store we haven't been told anything. Does that mean we are safe for... — read more 

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| 880 views | | 1 reply (March 11, 2019)
Post ID: @OP+Y1Ww7P3

Thank you once upon a time - I am an ex shift

I worked for CVS for over 12 years, loved my job i was a good employee. But one day i made a mistake and it caused me to endure one of the worst years of my life after i lost my job. I was working a 14 hours shift do to the manager being on vacation... — read more 

Any store closures lately?

All seems quiet for a while about closures? Are none happening or are people just not posting about it on this board? If there were any store closures in the last couple of days, please post.

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| 1090 views | | 4 replies (last March 11, 2019)
Post ID: @OP+Y0FXvSx

What locations were hit by layoffs this week?

I would appreciate if as many people from affected locations posted so we can get at least some sort of picture where exactly this is taking place. Also opinions on what are the next locations that could get hit are appreciated.

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| 680 views | | no replies yet
Post ID: @OP+XZXtBfD

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