Thread regarding CVS layoffs

Severance Pay Salaried Employees

For any one laid off on salary, are you getting one month of salary for each year worked? Is there a cap on number of years?

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| 2594 views | | 5 replies (last August 15, 2023) | Reply
Post ID: @OP+1o7ByTYh

5 replies (most recent on top)

The severance offering is less than a month per year. However, other companies offer that.

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Post ID: @zwo+1o7ByTYh

You wouldn't want to bleed these pigs of there profits would you?

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Post ID: @uut+1o7ByTYh

Plus they changed all the timeframes up for tenure in CVS Health so anything before means 0 years.

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Post ID: @jrt+1o7ByTYh

It's literally available to you. Look it up yourself

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Post ID: @crg+1o7ByTYh

The severance package is listed online on your colleague zone. It's based on full years of service and job code. There are four tiers the job codes fall under. So you find your years of service under your job code tier and it tells you how many weeks.
No one is getting a month per year. I've worked here for 20 years and has a tier 3 employee I would get about five and a half months total

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Post ID: @dra+1o7ByTYh

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