#spinoff

From 2008 - 2026 the U.S. Stock Market has had an average return of 11.65% PER YEAR. When CVS purchased Aetna, the sell price was $80.71 per share. In 8 YEARS, we (as well as the entire investor community) have had a 0% return on the CVS stock. 0%!! I do not understand AT ALL, why they would keep the CVS name in the health care business company going forward. NOBODY in their right mind wants to invest in any ticker that begins with "CVS". They are complete id--ts for not using this opportunity to rebrand back to Aetna and bring back the AET ticker, so people will feel a little more confident investing in us. Nobody wants to throw their money at a company with a name that basically sounds like "a doomed dr-gstore".

I'm afraid it's going to be a bloodbath.

CVS Health said Wednesday it is splitting into two companies, marking one of the largest shakeups in the healthcare industry. It’s a major reversal of the mergers that brought together the nation’s largest dr-gstore retailer along with health insurance giant Aetna and pharmacy benefit manager Caremark.

One company, which would house CVS’s 9,000 retail pharmacies, mail order pharmacy, specialty dr-g business and MinuteClinic, will be named CVS Pharmacy.

The other, comprising of Aetna, Caremark and two companies that CVS acquired that provide primary care and in-home health evaluations to senior citizens, will be called CVS Health in the interim.

The separation is expected to close in early 2028.

During the town hall, the CHRO pretty much said they don’t know what’s going to happen to business areas that support the enterprise (DDAT, HR, Finance, etc.). I’m guessing both companies will get their own Shared Services area?

Will EviCore be exempted from size reduction in the Accelerate to One since it will be split off soon or later?

If everything is so wonderful with splitting in two, then why is the market reacting so negatively?

Our past two quarterly IR calls have been executed poorly. We had a huge beat in Q2 and spent the call pontificating on possible 2027 headwinds. The stock fell form $107 to the mid $80s before finally rallying back into the $90 range. Today we launch an obviously controversial, obviously high-risk, split of the company, reversing our 20-year strategy. Our description on the call was oddly naive - we used generic platitudes and a "what me, worry?" casual tone, and worse talked about it in soft, flabby language, to explain an extraordinary gamble. And the stock tanks $10 more on a day the market is up 1,000 points. Is our communication and IR team warning him of these, frankly pretty obvious, risks? I fear not and we need to upgrade quickly. very quickly.

CVS to Split Off Pharmacy Business, Ending the Healthcare Conglomerate Era

In a breakup planned for 2028, CVS Health intends to split off its pharmacies into a new company, while keeping together its businesses in insurance and pharmacy benefits.

https://www.nytimes.com/2026/11/04/business/cvs-health-split.html

Does anyone have any updates/intel on NBC Universal layoffs before the split?

And who will be targeted? I'm hearing anywhere from 5K to 90K

Newly joined the company, when do the employees get bonus? Typically what is the bonus range? Are we expecting RSU during spin off? At what level do we get LTI?

Comcast is preparing for its third-quarter earnings report amidst significant challenges. The company is planning widespread job cuts across its cable TV, broadband, and wireless divisions. These workforce reductions are part of a larger corporate reorganization. Additionally, Comcast is set to spin off its NBCUniversal cable networks into a separate public entity. Intense competition from SpaceX's Starlink is also contributing to concerns about the company's future.

Philadelphia, Pennsylvania

https://stocktwits.com/news-articles/markets/equity/cmcsa-stock-slips-premarket-ahead-of-earnings-as-comcast-plans-layoffs-amid-spinoff-space-x-competition/cZxw26hRBwj

Let’s talk about Mike Cavanagh.

While employees are being told to believe in Comcast’s future, let’s take a look at how well that future is working out for Mike Cavanagh.

Mike received $71.8 million in reported compensation for 2025, more than double what Brian Roberts received. That’s a 154% increase from the previous year.

And then there are the stock sales:

• January 2024: $5.29 million
• November 2024: $5.66 million
• February 11, 2026: $1.89 million

That’s nearly $13 million in gross stock-sale proceeds across those transactions. His most recent reported sale came just over four months before Comcast announced the massive NBCUniversal/Sky separation. And now he’s positioned to become CEO of the newly independent NBCUniversal.

Of course, executives are entitled to sell stock. These were disclosed transactions, including option-related sales, and the timing alone doesn’t establish wrongdoing. But the optics are hard to ignore. We’re supposed to believe in Comcast, trust the transformation, return to the office, and prove our commitment while watching our colleagues lose their jobs, career opportunities disappear, and shareholder value erode.

Meanwhile, the executives responsible for the company’s direction are collecting extraordinary compensation, cashing in millions in stock, and lining themselves up for the next big payday.

So let me get this straight. Mike gets $71.8 million, nearly $13 million in stock-sale proceeds, and another CEO position. Employees get layoffs, uncertainty, and a lecture about commitment? At what point do we stop calling this a transformation and start asking who it’s actually benefiting?

Because from where employees are sitting, it sure looks like the company is being dismantled while the people at the top continue to line their pockets.

Maybe the problem isn’t that employees no longer believe in Comcast. Maybe it’s that leadership keeps giving us reasons not to.

NBCUniversal is reducing its global streaming technology workforce by several hundred employees. These layoffs primarily affect engineering and quality assurance roles within the streaming division. While most impacted staff are at Sky, Comcast's European media entity, some US-based NBCUniversal employees will also be affected. This move comes as NBCUniversal prepares for a spin-off from Comcast and faces industry-wide cost-cutting pressures. The company stated these changes are intended to optimize structure and resources for future growth.

New York, New York

https://www.businessinsider.com/nbcuniversal-cuts-hundreds-global-streaming-tech-employees-sky-uk-peacock-2026-10

So the Anderon split from ibm has been announced for October 1st and new announcements and employee contracts are coming out.

Setting aside the painfully obvious point that this is a "quantum wafer foundry" with no real foundry that it owns or controls outright and that the Albany site itself can barely classify as a fully operational fab.

We need to ask ourselves honestly why?

• Why is IBM really splitting off 70-100 people to form this new company?
• Why create Anderon at all in the first place?
• Why not just keep it all internal to IBM?

The publicity stated comments and justification - that this is a way to attract customers who wouldn't work directly with IBM - doesn't hold up. Those same customers know Anderon is strongly affiliated, owned and controlled by IBM, so the same logic of avoid working with IBM would apply to Anderon as well.
Why would a competitor hand over its most sensitive fabrication data to an IBM-affiliated company when IBM is competing against them directly?

Flip it around: why would IBM let its competitive-advantage IP flow into Anderon, where it could end up supporting competitors' builds? Anderon is taking a capability that gives IBM an edge and potentially turning it into shared infrastructure. So basically the publicly stated purpose for creating Anderon is a bold face lie.

Is this really just cost savings. Getting 70-100 employees off IBM's books and payroll? As one past comment put it: "it's just a layoff with extra steps."

Call it a spinoff, a joint venture, or a strategic carve out - it still smells exactly like a layoff wearing a lab coat.

This isn't a spinoff, it's a witness protection program for headcount. It’s a glorified layoff from ibm hidden and tucked in in a way ibm doesn’t have to classify it as such

IBM didn't build a competitor. It built an alibi.

Somewhere a strategy consultant got paid seven figures to rename 'layoff' as 'ecosystem expansion.

Bottom line: the publicly stated rationale doesn't add up to a coherent business case.

IBM’s public statements regarding this are just simply ridiculous. Do they actually believe their own words coming out of their mouths. Those saying it should be remembered and held accountable for rest of their careers.

Our leaders are using their usual flimsy internal justifications publicly to explain this. And it appears many who are not indoctrinated in the Albany culture are seeing right through the thin veil and rolling holes into it.

Make it make sense!

What does this really mean?

https://www.dualshockers.com/the-witcher-spinoff-hit-by-layoffs-despite-reboot/

How does Fujifilm's spin-off of their Business Innovation group affect us?

Double Fine has officially separated from Xbox and is now operating as an independent studio. This transition has unfortunately resulted in the layoff of 23 employees. The company stated that these cuts were necessary for its survival and to adjust its size for independence. Double Fine will retain its intellectual property and game catalog. The studio is now focused on its future projects as a self-sufficient entity.

San Francisco, California

https://kotaku.com/double-fine-lays-off-employees-amid-xbox-separation-2000719885

Remember when we were all sure 3M was going belly up and we tried to jump ship to solventum? Well, joke is on all of us. 3M stock has appreciated 88% since spin off and SOLV 11%. S&P is up 44% during sane time frame. 3M Healthcare was a crown jewel in 3M and is somehow bo----g post spin. Make it make sense.

With the spin-off…. Any rumors of offering packages?

Anyone else think that Fiserv as a whole will just be swallowed by a competitor since we are cheap right now? Or selling First Data and splitting the company back into two would be better?

Is the break up the end of dividends?
I am expecting a pretty brutal rebalance as we exit the Dow and fixed income funds dump the stock.

https://www.abc15.com/news/business/honeywell-to-lay-off-60-valley-workers-ahead-of-aerospace-company-spinoff

Chandler site is rather small more like leased office space. Not sure exactly what went on there but I believe they belonged to corporate and not Aero.

Honeywell International announced job reductions. The company is reducing staff in the Valley. An aerospace division spinoff is planned. This corporate separation will happen by June's end. The job reductions precede this corporate change.

https://www.bizjournals.com/phoenix/news/2026/06/01/honeywell-to-lay-off-workers.html

Our team is coming up with a $699 computer to compete with the Apple $599 computer. If we’re a market leader, why didn’t we come up with the not a Chromebook device before Apple. The Apple will be better built and last a student all through high school. And Apple’s support bot is better than ours. I know, because I’ve used both.

It shows we no longer lead the PC market, we follow the trends. A sale or spinoff can’t be far off.

Disclosure: Like others said - mine is pure speculation. I own some Dell stock but not enough to get rich and retire yet. I’m just turning sc--w drivers and plugging in cables everyday.

As an aside, I wonder how the ‘experts’ who said to dump Dell at $150 are doing…

Has anyone heard any information about when the blackout window is to the 401K Plan right before the 6/29 Spinoff? I am moving to the Aerospace side and need to make some changes, but would like to make them as close to the spin as possible. Thanks

I’ve been thinking ELT is setting everything up for a merger, for awhile now. But lately I’ve started to wonder about a spinoff instead. All this talk about segments… core, new to wealth and high net worth. Think there might be a plan to create the segments in order to spinoff or sell one or two of them?

Will honeywell aerospace have a separate section on thelayoff website once the separation is complete?

How soon after day 1 will Honeywell Aerospace do a VOE?

Is there any other way to interpret his somewhat ambiguous message from this morning?

"Reviewing strategic alternatives for EviCore"

This is yet unoffical but there will be a meeting today with 3 upcoming news:

• everyone will be fired by the end of August and replaced with offshore employees (.not high management )
• company will be splited by 4 or 5 independent companies ( by region ) and FIS brand will disappear by end of this year.

So it appears that Stefano's Boots chain is being spun off and will have an IPO. Don't know when this will happen as the article was paywalled, but I guess this is/was part of Mr. P's plans to regain his losses? I wonder if this would have any effect on Walgreens, or nothing since they're separated now.

Hearing of some big workforce reduction targets after the split. Any chance they will offer buyouts especially since they seem to be popular in corporate America these days?

PA is supposed to be the jewel of RemainCo’s crown. I guess it was Cubic Zirconia.

Announced during earnings call today. Will Aero be ready for this? Probably not but it’s happening anyway

I am hearing rumors of an OFSE spinoff again. What is the latest?

Rumors swirling robotics will be spun out for IPO or private equity.

Sounds like years in the making.

What does this mean in terms of greater company structure? Spinoff? Reorg? More jobs offshored?

What is happening with SAP Concur? Seems ripe for a full transformation or integration into SAP. After 12 years the company doesn’t “fit” at SAP? Layoffs? Hiring freeze? New Germans? Spin off?