I can’t see any strategy behind cuts, just crude financial concerns. Given the current state of CVS and the likelihood that these layoffs will change nothing in particular, it’s safe to assume that all we can expect in the future is just more layoffs. I don’t see any will or intent to change the direction, innovate, adapt business model to current demands, anything that would make staying worthwhile. The moment I find something else, I’ll be gone.
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Leadership is so out of touch. They need to go to the doers and actually ask them what is working, and what is not working. They need a GAP analysis to gain insights into the real issues. I am tired of the doers getting the blame and laid-off.
Well stock is up to almost pre q1 levels. We released that Aetna stars is excellent for next year. Long story short this will be sold as the great CVS/Aetna turnaround by senior leaders when the reality is people at lower levels are working their butts off.
I was talking with someone in the Aetna side yesterday (I’m on over/retail side) and they told me “just two years ago I lead a team of 10 managers that each had at least 1 analyst under them. Now I’m struggling to be able to keep the 5 independent contributors I have. And our work has doubled to the point where we’re openly saying no to projects that keep getting assigned to us”
How is that functioning? How will that help things improve if a team whose focus is improvement can’t accomplish projects because someone just said “slash that whole team” over 2 years?
Usually you see that when your looking to sell off, but let’s be honest Aetna can’t be sold it has to split off as its own or stay with CVS as the feds would never approve a sale.
Hi - my sentiments exactly. Teams being asked to run in a million different directions. CVS is a total burn out culture.