Thread regarding Express Scripts Inc. layoffs

Express Scripts Holding Layoffs 2017

My head is super spinning right now as I heard the same rumor from thee folks, both told me that we may have layoffs in St. Louis.

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Post ID: @OP+Kv5NNib

26 replies (most recent on top)

tempe is having a current layoff here in AZ ....

22 warehouse

48 pharmacy members and so forth...

they say there downsizing and they dont need all of us apparently. what a shame

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Post ID: @23tml+Kv5NNib

Underperforming Stock = More layoffs

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Post ID: @1Vbxn+Kv5NNib

You give that exec team too much credit....They are running out of lipstick and The Street has noticed....it will be great wearing a red smock and working at the corner of health and happiness!

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Post ID: @1Muml+Kv5NNib

i disagree the executive team knows exactly what they are doing and in doing so they are raising there stock prices for there shareholders and taking in more profits. These layoffs were planned months maybe even years ago, and they trickle so it doesn't hurt the company

Express Scripts does what many other corporations do they cut people get rid of them like nothing why? because thats the biggest expense sure they could cut just about anything else but why? the easiest thing to cut is personnel.

this company will never go bankrupt and its only gonna get bigger it will be the amazon of pbms

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Post ID: @1Kayr+Kv5NNib

Welcome to Fantasy Island! Today's suggested reading: The Emperor's New Clothes.

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Post ID: @1Jjlh+Kv5NNib

I seriously doubt that Express Scripts has an executive leadership team that can lead in time of crisis....And their first mistake is thinking that all is well at this time. You don't right the ship by continually throwing the crew overboard!

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Post ID: @1Jbhg+Kv5NNib

Last one out, turn off the lights.

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Post ID: @1Irah+Kv5NNib

All of this and Anthem hasn't left yet! Need more lipstick on that pig, please!

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Post ID: @1Ibry+Kv5NNib

Senior leadership in the bunker!

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Post ID: @1Ipdz+Kv5NNib

They announced that Peublos call center will be closing. Did anyone hear anything about the at home team? I heard 60 people in New Jersey are being let go now!

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Post ID: @1uvip+Kv5NNib

https://www.google.com/amp/www.chieftain.com/business/localbusiness/express-scripts-to-close--worker-pueblo-call-center/article_3fd0c194-b1a6-5281-bcc7-b13a5f868bd5.amp.html?client=safari

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Post ID: @1unig+Kv5NNib

Seems to be a small wave every Weds from mid January till now. Cuts are across the board, account management, clinical, SAMO, Finance, Specialty. This has nothing to do with rebates or recent short sellers, everything to do with Anthem and 2020. Sr Management is incapable of figuring out HOW to hit are aggresive cost cut targets for when Anthem leaves or renews. Cuts seem to be being made across the board with complete disregard for what the impact to clients or patients may be

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Post ID: @1kkli+Kv5NNib

I was laid off from the Nashville specialty pharmacy division in March 2016. I worked with the Commercial side of specialty billing. They were losing $100k's of money daily based on just what I saw - dispensing high priced drugs to out of network patients, improper handling of temp sensitive biologics. They thought they could hire people with no experience, pay them nothing, and afford to take the losses caused by the poor staff because of the insane rebate program. I wish I had sold my stock months ago R.I.P 401k.

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Post ID: @1hvhz+Kv5NNib

Specialty Pharmacy Reps were laid off! Some Account Managers as well! More scaling for growth

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Post ID: @1febm+Kv5NNib

Does anyone know which sites laid off specialty techs?

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Post ID: @1akoo+Kv5NNib

Heard 70 were let go this week within specialty division. Anyone else have more info or able confirm?

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Post ID: @1agwy+Kv5NNib

ES is bleeding cash. https://www.morningoutlook.com/02-02-2017/large-outflow-of-money-witnessed-in-express-scripts-holding-company/

Interesting how many top dogs are cashing in their own chips right before Vday reporting

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Post ID: @19qsu+Kv5NNib

its more like this with express scripts and if your cool with that well i don't blame you

https://www.thestreet.com/story/13969958/1/express-scripts-falls-on-attack-from-andrew-left.html

but to me express scripts is more a comparison of the scarfo terror of philly specifically nicky scarfo

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Post ID: @19pnz+Kv5NNib

The ship is taking water fast, folks...

http://seekingalpha.com/article/4040754-express-scripts-short-sale-please-mr-postman?auth_param=1dri30:1c8v4ii:44df71c67c393dac55d53cc5c08e2e28&dr=1&utoken=cf0498861f9d042e4aeab4d31608723297a2426a

Express Scripts Short Sale

The reduction of prescription drug costs is a high-profile, bipartisan issue. This issue was discussed by Trump during his campaign and during his TIME Magazine interview.

Express Scripts' cost structure is often singled out as "low hanging fruit" in the coming effort to reduce prescription drug costs.

This stock could be one tweet or executive order away from a significant correction. And/or the coming legislative process on drug costs is likely to negatively impact this stock.

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Post ID: @16gqx+Kv5NNib

Anon from 13 days ago hit the nail on the head. If you are making decent money for ESI, bail asap and sell your options on the way out. They need a good balance sheet in Feb, or it will be St Valentine massacre. Read between the lines.

http://www.citronresearch.com/express-scripts-rebate-system-is-an-engineered-kickback-scheme/

Express Scripts: Rebate System is a Financial Engineering Kickback Scheme


The worst part: Conclusion: It is simple math: If ESRX loses 50% of its rebates, they lose 30% of EPS, and the stock goes straight to $45.

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Post ID: @13xjj+Kv5NNib

I heard layoffs are coming starting feb. 1, don't have any details about what departments it will affect, etc..

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Post ID: @10foq+Kv5NNib

Express Scripts has the reputation of nullifying it's poor management by laying off members of its work family. It's a shell game to make the Company look good to Wall Street..,their version of lipstick on a pig!

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Post ID: @Rnzq+Kv5NNib

Better start working on that Resume. Used to work for Medco when Express Scripts took over. Layoff rumors were flying around. It wasn't until 2014 when I was let go along with the rest of my department.

Word to the wise........ Start looking for another job. You'll be glad you did.

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Post ID: @Fgjc+Kv5NNib

Live every day fearing site closure.

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Post ID: @Evrs+Kv5NNib

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