Thread regarding CVS layoffs

Soooo what’s gonna happen to Shared Services?

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?


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| 6 views | | 4 replies (last 7 days ago) | Reply
Post ID: @OP+1m6m0t0bc

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DDAT was a shell game to hide the IT costs of the insurer.
Bet it goes back to the way it was before. AIS or something similar. Applications that support specific business units are budgeted for in those business units with possibly the head of the unit determining costs and needed staffing.

There are fifedoms that need to be broken up based on mismanagement of resources in order to manage cost.

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Post ID: @bx+1m6m0t0bc

Anthing related to Health 100 I suspect will be safe under the CVS Pharmacy business. Expect other shared services will be split up and possibly more openings will arise...basically, what ever they eliminated from Aetna at the merge will have to be put back together again I would think

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Post ID: @b9+1m6m0t0bc

Like any carve out, the staff moves, middle management is let go in order to recalibrate salaries

Meaning retain the knowledge get rid of the management

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Post ID: @az+1m6m0t0bc

each of those teams are roughly dedicated to each business, so they could split along those lines (e.g. retail finance team goes to the retail business)

DDAT a little more complicated with Health100

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Post ID: @as+1m6m0t0bc

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