Thread regarding CVS layoffs

Accountability begins with Karen

Do you expect more lay off's based on today's earning's announcement? If so, where in the org?

I know CVS likes to literally buy favorable coverage of Karen L through Fortune magazine but how much longer with the board and the investors tolerate her incompetence to lead this org? 1) The stock price has fallen 50% in the past 2 years while the competition is on the rise. 2) turnover at the top has been non-stop. 3) the inability to forecast and provide transparent line of sight on key business results to stakeholders. I have to think there is a lack of confidence in her at this point to deliver.

https://investors.cvshealth.com/investors/events-and-presentations/

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| 1781 views | | 12 replies (last May 3, 2024) | Reply
Post ID: @OP+1sjupFwm

12 replies (most recent on top)

If you want a laugh read Karen’s performance evaluation from the upcoming annual shareholder’s meeting’s board statement. She got 100% of her bonus

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Post ID: @2tdl+1sjupFwm

across the board, they have too many employees, doing nothing than being remote and generating 0 revenue,

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Post ID: @1jck+1sjupFwm

I have never seen a CEO hated so much….the board must be sleeping.

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Post ID: @1ezy+1sjupFwm

Karen needs to go, and they need to bring in competent management. Everyone that has been brought in, hasn't done a thing. Still major disorganization after layoff's with management failing to address. Waiting for it all to come crashing down.

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Post ID: @1zgi+1sjupFwm

Stop it already she’s gonna have to get up and tell everyone how hard it’s being a woman CEO she’s had a rough life blah blah blah. Everyone has their sh-t to deal with. You su-k move on take your golden parachute and move on get someone in there that can do the job

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Post ID: @1fxw+1sjupFwm

I too was always shocked at how much turnover occurs at the executive level. And they’ll just switch around roles with no transition planning. Really mind boggling. If they lay off more people, the corporation’s performance is going to continue to blunder. There’s only so much that you can cut from the payroll line. And they’re already at the point where teams are struggling to keep moving forward after the last round of layoffs. The company literally doesn’t exist without people. I don’t know why they attack payroll cost as a first response all the time, because they’ll eventually get to the point where they’ve cut so much that the company doesn’t exist anymore.

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Post ID: @auk+1sjupFwm

lot of people with no work on Engineering and Testing side, working from home, 1000's of slackers, what kind of company!

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Post ID: @grd+1sjupFwm

Not lying- I heard from a reliable, high positioned, source that Brian feels this would be mitigated if everyone came to the office. Deflect deflect deflect! Karen will probably get a raise.

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Post ID: @fxl+1sjupFwm

She horrible.

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Post ID: @gdp+1sjupFwm

Manager comments after the earnings call and watching the stock crash. Layoffs at this point are inevitable. Just a matter of when, not if.

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Post ID: @tjr+1sjupFwm

Karen magic - start with 2 $70B companies, combine them and create…1 $70B company

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Post ID: @hnk+1sjupFwm

Not sure how she can remain the head of CVS. Blunder after blunder

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Post ID: @fpq+1sjupFwm

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