Topics regarding layoffs at Gainwell Technologies

Topics regarding layoffs at Gainwell Technologies

WFR for January

Are the WFRs still occurring or done for the week? I’m not hearing of anyone where I work, but they usually tell us. Sadly, I have to get my info from this site.

GainHELL??? Sound off!

Have you all come to the fact that it will not get better anytime soon? Our systems fail often, the Help Desk doesn’t seem to want to help anyone and will tell you whatever just to get you off of the phone. They can be really rude! So outsourcing... — read more 

I'll believe it when I see it

I'm too tired to get myself worked up over layoffs that may or may not happen next month. If we get official word, that's another thing. But right now, all of this is still just speculation.

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| 1410 views | | 6 replies (last December 22, 2023)
Post ID: @OP+1qcGKlMj

Next round 12/19/2023

Next round of layoffs will hit tomorrow 12/19/2023. It is somewhat of a smaller amount. The big layoff is still scheduled for around 1/20/2024. Good luck to all.

Here we go again

Started work this morning. Immediate message from my manager that we have to talk. Laid off…. Right before xmas.

Spotify

Didn't we see Alec Baldwin play this part in a movie? Fun with Di-k and Jane -... — read more 

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| 781 views | | no replies yet
Post ID: @OP+1pYRfFMO

Air it out!!

Sound off everyone. Comment with your frustrations about GWT. If you want to just launch into a rant about your boss or the CEO feel free to let it out. I’ll start. I’m fed up with the fu--ing games that get played by the leaders at Gainwell... — read more 

HMS Legacy?

Are these layoffs for mostly Gainwell/Cotiviti? I’m not hearing much about HMS Legacy or Subro re: layoffs. I’ve heard folks say that state contracts are bringing in the money and that’s why

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| 1240 views | | 4 replies (last December 1, 2023)
Post ID: @OP+1pQI1DIp

Town Hall

The CEO said the work force reductions were done so we could be "fit for growth." He then said "the fit for growth activities will continue." We should all connect the dots there.

Food for Thought...

Would anyone mind if your colleague who has the same job title of Senior Business Analyst graduated HS in 2018 making them WAYYY younger than even 30? What would be your train of thought on this...?

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| 850 views | | 2 replies (last November 30, 2023)
Post ID: @OP+1pQWmXEN

Layoffs strike again 11/29/2023

I was let go along with several of my coworkers this morning. I don’t know how many total for sure. I know of myself and around 10 others so far. Luckily for myself I had been looking for jobs and have one lined up to start soon. My coworkers that... — read more 

The remainder of 2023

I just had a meeting with my superiors. I was told there has been a delay in hiring the people they need in India. So that has delayed the layoffs in the US. Veritas and the leadership team are measuring the success of the layoffs by the difference... — read more 

11-20-2023 - Looks Familiar

https://www.cnn.com/2023/11/19/tech/sam-altman-open-ai-firing-board/index.html

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| 641 views | | no replies yet
Post ID: @OP+1pGTzo9D

11-20-2023 Layoffs

Holy SH-T!!! My entire department was cut today and everyone was laid off. I’m still in shock. I can’t believe GW runs a business like this.

Prospective Buyers

Do we really have NO idea who any of the prospective buyers might be? The burn rate for Veritas has got to be incredible at this point, and unsustainable, even for their deep pockets. Are they really just going to let this failed company go into... — read more 

Farming work overseas

Another round of layoffs! Daily there are new contact employees from overseas. Gainwell signed an agreement with a company called WiPro (Bangalore, India), they will also be performing IT work. Meanwhile removing salaried employees. Rather than... — read more 

Townhall

In the Q&A portion of today's townhall, He said the WFR is less than 5%.

Another round of layoffs 10-30-2023

Another round of layoffs today and this week. More are happening across the organization. This is going to continue through the end of the year. They might skip a week here and there. But be prepared. Remember the goal is 45% reduction.

Leadership

Any time a company thinks their strategy is to CUT their way to EBITDA growth and that's the only lever they are pulling, its bad leadership - in this case relying on McKinsey (what a joke). Sad for these employees.

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| 1192 views | | 2 replies (last October 24, 2023)
Post ID: @OP+1peMG7pm

Maybe Company Buyout is Needed

Gainwell is exiting so many employees through RIFs, including many knowledgeable employees and employees that have strong relationships on the state accounts. Gainwell is also losing a lot of its knowledgeable and ethical employees. Only the toxic... — read more 

Leadership changes

Lots of new faces. Karen Shields (she/her) is gone. https://www.gainwelltechnologies.com/leadership/

New owner is going to clean house.

My inside source tells me that when the new owner takes over that they are going to clean house. Meaning they are going to bring in their own leaders, strip down each department to the bare minimum number of employees, and scrutinize every contract... — read more 

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