Thread regarding CVS layoffs

Anything from Caremark/PBM?

Seems like most of the confirmed layoffs have been from Aetna, retail pharmacy, AB&C etc.

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| 3981 views | | 14 replies (last August 15, 2023) | Reply
Post ID: @OP+1o6txeO8

14 replies (most recent on top)

We had PSS IT QA (PBM) call yesterday evening with 190 folks for 5 min on agenda "Touchbase : Business update" call with Cal Baum, She confirmed that emails were sent to the impacted folks on 08/14 morning. People part of this call were safe and wait for Reorg news next week. When i did the math she has total of 320 under her. So i am assuming 130 were let go. It was painful day for me seeing messages from known people about their job loss with whom i worked for years.

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Post ID: @1yiz+1o6txeO8

Confirmed 7 layoffs (total) in the invoicing/resubmission teams under Richard Spencer. Janice Giraldo said no 2nd round of layoffs in September. Those notified that they were laid off today have a last day of 8/31. All confirmed in the 2 PM business update meeting we had with Janice giraldo, rob versosky and richard Spencer.

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Post ID: @cbc+1o6txeO8

Dead Silence on the PBM side, nobody is saying a word. I don't know if that's good or bad.

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Post ID: @ogb+1o6txeO8

Any benefits verification

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Post ID: @uqd+1o6txeO8

No department is going to be unscathed all are cuts all. The biggest are tomorrow when whole divisions are cut.

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Post ID: @fmj+1o6txeO8

Haven't heard anything on the PBM operations side at all. No "you're safe," no "you're gone," nothing even acknowledging what's going on across the company. Dead silence.

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Post ID: @ltn+1o6txeO8

Client audit - 4 folks - director, sr manager, sr advisor, advisor

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Post ID: @cjq+1o6txeO8

PBM Finance lost a couple of managers

Those impacted were notified 1:1

Others notified that they were safe in large group meetings

Majority of layoffs announced. Remainder to be rolled out on Tuesday.

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Post ID: @xpa+1o6txeO8

PBM groups getting hammered too
Heard of several being hit

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Post ID: @ddn+1o6txeO8

how do you know about 3pm ET? Is there a meeting invite?

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Post ID: @vgc+1o6txeO8

I am in Aetna side of Rx…we are a smaller team and think we are ok but my manager schedule me a team call to go over “important updates”. Not sure what that means??

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Post ID: @crb+1o6txeO8

Do you know how it is going to happen?

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Post ID: @ldm+1o6txeO8

Our team of 3 got laid off after an “important business update” call. We are pbm finance

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Post ID: @xrf+1o6txeO8

Big block going at 3 PM ET

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Post ID: @qop+1o6txeO8

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