Thread regarding CVS layoffs

Monday Layoff

I am a Director and I was advised today my 2 Direct Reports I will be laying off Monday morning. I had zero say on who would be laid off or not.

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| 5282 views | | 34 replies (last August 20, 2024) | Reply
Post ID: @OP+1u1xHd1B

34 replies (most recent on top)

Anyone involved in this year’s bid should be shown the door! Disaster! They must be removed so this constant layoff threat stops!

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Post ID: @5wie+1u1xHd1B

This years layoffs were smaller than last year, they were also more flexible on termination dates which is why you will see them happen in waves between now and year end. I was involved in getting names into the HR layoff spreadsheet, it is very real. I was also involved in last year's, the process was largely the same excluding the flexibility on end dates.

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Post ID: @5xil+1u1xHd1B

The want for conspiracy is what’s troubling. The hope for bad news. The defense of a likely fake post. Why?

And now the personal attacks. Why?

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Post ID: @5mhq+1u1xHd1B

Keep telling yourself that… bury your head in the sand some more. I’m guessing you are in your early 20’s… clearly arrogant and inexperienced. You will learn, probably the hard way. Good luck to you.

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Post ID: @5qbp+1u1xHd1B

Could there have been performance based firing? Yes.

Have there been “lots of smaller layoffs” ??

No. Just no.

You lie.

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Post ID: @5ips+1u1xHd1B

Why in the world would you get an announcement or email when someone has to lay 2 people off??? If it was a mass layoff like last year then yes, you would. However lots of smaller groups have been getting laid off with CVS over the past year and I’m sure you did not receive an email for every person or group being laid off… the mass layoffs are coming it’s just a matter of when. But until then, it’s very common to quietly remove a couple of people at a time so it doesn’t cause panic.

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Post ID: @5dle+1u1xHd1B

There has been no announcement, no follow up to the post, had no detail. How is that credible and why single sided demand for proof?

Nothing is going to happen while HR leadership in transition. Duh.

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Post ID: @5iso+1u1xHd1B

Do you have proof it’s a conspiracy and didn’t happen?!?!?! If not then you have no argument. If you have proof then please share it with us all. If not then you are making unfounded accusations and conspiracy theories yourself. I do agree that some of what’s on this board is not always accurate, but people will always be people and that will happen. Doesn’t make everything on the board bullsh-t though. So don’t throw the baby out with the bath water.

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Post ID: @5tug+1u1xHd1B

This is all a conspiracy board then? Don’t need any fact behind anything? Why do you like to read lies?

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Post ID: @5bbu+1u1xHd1B

Email dated 8/19/24 Here To Win from KL-i don't see it mentioned here.Was it not company wide [Aetna]?

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Post ID: @5cxl+1u1xHd1B

@5buo+1u1xHd1B Stop shaming people for sharing and claiming lies. This board is precisely for this info. Unless you know for 💯 fact that this person is making up what they posted, you are only muddying the waters and making people feel like they can’t share what’s going on. So grow the fu-k up please and the stop talking unless you have proof they are not telling the truth.

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Post ID: @5pdx+1u1xHd1B

Lies

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Post ID: @5buo+1u1xHd1B

Monday has come and gone. please share updates if any.

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Post ID: @5nyu+1u1xHd1B

There may be some truth to the post. I'm a director and during last year's RIF, I had zero say in one of my team member's lay off. Similarly, I was told on Friday afternoon that one of my team was being let go on Monday. It was awful.

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Post ID: @4ujq+1u1xHd1B

I hate to say it but this round of layoffs pales in comparison to what is coming in Q1 2025. Large outsourcing deal is coming with entire departments getting outsourced (minus leadership), there will be some large impacts on worker bees and this will comprise the bulk of the $2B savings package Karen announced.

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Post ID: @4jxg+1u1xHd1B

And nothing. Time for the apology.

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Post ID: @4mrm+1u1xHd1B

We’re eager for it to be over!

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Post ID: @4ceo+1u1xHd1B

Why is everyone so eager for this to be real?

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Post ID: @4gcd+1u1xHd1B

I think the email started with “Important business update”

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Post ID: @2uvw+1u1xHd1B

Last year, the layoff meetings were set up about 15-30 minutes before the meeting took place, and they all had the same title. Can someone share the title of the meeting that HR uses on Monday, when they set up these meetings?

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Post ID: @2kfs+1u1xHd1B

@1otn+1u1xHd1B, come back here on Monday and do post the update.

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Post ID: @1ofl+1u1xHd1B

I was told yesterday (on my PTO) I'll be eliminating 2 positions Monday morning. I will not be advised who until 8am Monday.

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Post ID: @1otn+1u1xHd1B

Last go round of layoffs I made the decision of who to eliminate but oddly my peer did not. The VP decided and I do not really know what criteria was used. So yes it does happen. HCB side of the company

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Post ID: @1sap+1u1xHd1B

I hate you for your fake post and fear mongering

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Post ID: @1keg+1u1xHd1B

The consultant firm they hired make the decisions.

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Post ID: @1fdn+1u1xHd1B

BEWARE of TROLL POSTS like this

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Post ID: @1qew+1u1xHd1B

How was the decision made if you had no input?

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Post ID: @cgx+1u1xHd1B

What dept are you part of? Is this a full company layoff on Monday?

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Post ID: @cas+1u1xHd1B

Where do you work!? CVS or Aetna?

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Post ID: @hci+1u1xHd1B

We can’t afford any more layoffs! I am working around the clock. We are not doing anything well. This company is in free fall.

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Post ID: @gqo+1u1xHd1B

Are you in TSS/PCW/EIS?

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Post ID: @lmq+1u1xHd1B

What team or group are you apart of?

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Post ID: @btf+1u1xHd1B

Tilak's directs just setup mandatory meeting for 1130am ET, sounds like some news will be shared then

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Post ID: @drh+1u1xHd1B

cvs or aetna. any clues on departments impacted.

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Post ID: @iya+1u1xHd1B

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