Thread regarding CVS layoffs

Layoff Tracking Sub 2.0

Trying to help segment out these forums. There is a different Sub for just questions and answers. This Sub is for posting confirmed Layoff counts by area/region. Please only post confirmed counts here. If you have a question, post it on the Q/A Sub and we can attempt to answer what we can. NO ANSWERS WILL BE GIVEN HERE. I will try and get all the numbers posted under this Sub.

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Post ID: @OP+1nVfVmvp

23 replies (most recent on top)

Aetna Digital 5 that I know of so far. Software devs, and architects.

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Post ID: @bkdi+1nVfVmvp

Laurie Havanec Is literally one of the most useless Executive and most likely overpaid.

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Post ID: @2pxs+1nVfVmvp

"What will severance be? Will I get enough to take my family on a trip for a couple weeks?"

Check your pay grade (My HR), then go to The Hub and type in "severance" in the search bar. The first one that pulls up shows severance info. Scroll over to page 9 and there you will find the severance pay scale.

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Post ID: @1zvz+1nVfVmvp

Laurie Havanec is the Chief People Officer. Yes I am in HR.

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Post ID: @1qek+1nVfVmvp

Laurie Havanac EVP the Chief people officer (HR)

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Post ID: @aqv+1nVfVmvp

To the last commenter: HR got an e-mail from Laurie to see cuts in your area. Do you mean you're in HR? And who is Laurie?

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Post ID: @znq+1nVfVmvp

No headcount yet but HR just got an email from Laurie that we will see cuts in our area.

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Post ID: @ste+1nVfVmvp

Moffett and Correa are “retiring” at year end.

Whoever is saying 7000-7500 more is just stirring the pot and causing more stress. That isn’t anywhere at all.

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Post ID: @bep+1nVfVmvp

7000??? Where is this info coming from??

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Post ID: @rvy+1nVfVmvp

Update will total 7,000 people for layoffs

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Post ID: @gbb+1nVfVmvp

how about offering a nice early retirement package option for folks? i’d like a payout of 2+ years!

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Post ID: @uys+1nVfVmvp

someone mentioned Frank Moffett. But I still see him online.

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Post ID: @cab+1nVfVmvp

I was monitoring karen head count in my success from the day it was announced and now . I see a decline of 500 count .

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Post ID: @wmo+1nVfVmvp

"What will severance be? Will I get enough to take my family on a trip for a couple weeks?"

Yes you will get lot of money. Please plan your family vacay.

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Post ID: @nml+1nVfVmvp

LA CEO Rick Born was Fired with immediate effect. Rick told everybody he is retiring and moving to with his family to Texas. Yeah right.

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Post ID: @yzf+1nVfVmvp

EVP/VP/Directors/Managers are not retiring. They are all laid off.

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Post ID: @wtj+1nVfVmvp

@ffr+1nVfVmvp the two SVPs are Brian Correia (SVP Network Services) and Frank Moffett (SVP PBM Govt Services). This was announced in an email from David Joyner, sent out 8/1/23.

An email from Jeff Goddard on 8/2/23 announced reorganizations that would impact Matt Kalgren, John Conroy, Tom Burke, and Jason Lee. They are not leaving the company, rather the changes are organizational in nature. The email states that "The responsibilities of our segment FP&A, Controllership and Client Audit teams will not change."

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Post ID: @wrh+1nVfVmvp

@1rdp+1nTsSVdG

Kelly Munson, Senior VP Aetna Medicaid is leaving. Her last day is Friday.

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Post ID: @spt+1nVfVmvp

@1gud+1nTsSVdG

Caremark president sent an email to PBM colleagues yesterday referencing Karen's email. Two senior VPs - one in network services and another in government services - will be retiring. There will be organizational changes to be announced in the coming weeks.

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Post ID: @bcr+1nVfVmvp

@1vus+1nTsSVdG

Just announced that 2 Caremark SVPs (SVP Network Services and SVP PBM Government Services) are "retiring"

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Post ID: @ffr+1nVfVmvp

@1lmy+1nTsSVdG

300 people, the entire group employed by simpledose... this includes two call centers (RI and FL), and the three physical dispensing sites (CA, IN, VA)

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Post ID: @hrr+1nVfVmvp

@fep+1nTsSVdG

1 Software Engineer in Burlington, MA

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Post ID: @yvv+1nVfVmvp

@OP+1 from original Post:

1 Exec Director in PBM. (heard from a colleague who is a lead director in PBM)

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Post ID: @mpp+1nVfVmvp

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