Healthy companies grow by expanding and innovating, while struggling ones rely on restructuring and layoffs to survive. It’s obvious which group we’re in. CVS will keep shrinking until there’s nobody left to lay off and nothing left to close. Saying this place has no future is putting it mildly.
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I'm just waiting for the televised Congressional hearings.
Bleak? I imagine this is the view a millisecond before the blast from a 25 megaton bo-b hits you....
Anyone granted stock is not allowed to take it with them if they are laid off according to a FA I spoke with.
There are EDs who know they are on the block. Some LDs admit to not telling staff to look elsewhere for not being able to replace them. Same people working the same role for a decade does not allow for mobility.
The only positive is that the awful leadership was incentivized with stock options. No one is exercising options at 90 or 95 when the stock is at 45. The institutional analysts are worse than the CVS Executive Director brown noses. They all have overweight on the stock. Is it possible that someone at CVS is intimidating the analysts? Only the technical analysts have a sell rating. This is an interesting question.
I think they are trying get turnover. That is why executive directors are harassing people by making them work long hours and telling them more layoffs are coming and letting everyone know to not expect bonuses. They want people to leave!
I’m in DDAT and boy things are bleak.
The future looks worse when both political parties, the next President and the DOJ are all coming after your business.
All this while corporate will tell people to keep working everything's fine, pay no attention to the rumors.