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.
Strictly about Jan 2024 layoffs
Only posts related to Jan 2024 layoffs
Quit reposting the same comment in every thread
We know how to read, thank you.
Gainwell has built their business model to have mass layoffs on a regular basis
I get trying to stay positive. However Gainwell has built their business model to have mass layoffs on a regular basis. It is a way of doing business for them. Notice that they never talk about it. No mention of it in any meeting unless someone... — read more
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.
Mass layoffs Jan 2024
Any relevant updates on upcoming mass layoffs next month?
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
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
And there is your dagger
https://www.gainwelltechnologies.com/leader/jaffry-mohammed/
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...?
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
I'm so tired of having to worry about cuts so much
It's Thanksgiving and this is the first site I checked after waking up. That's not okay.
How is today looking on layoffs?
Has anything been hit yet?
11-20-2023 - Looks Familiar
https://www.cnn.com/2023/11/19/tech/sam-altman-open-ai-firing-board/index.html
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.
Another heavy round of layoffs coming 11/13/2023 and 11/20/2023
Get ready for another big round of layoffs for two weeks straight.
Gainwell's Rating Outlook has been revised from Stable to Negative
The Negative Outlook reflects the recent operational underperformance against expectations in the current year as Gainwell increased investments in product management and engineering capabilities, along with higher than expected nonrecurring costs... — read more
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
Any layoffs this week?
Are we sure it's over for now or will there be 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%.
Are management and senior staff this incompetent and functionally useless across the board?
I thought my team was bad enough until I got "lent out" for an arbitrary amount of time to another state's team and... Christ in a handbasket. It's like you're expected to have some form of telepathy to get any sort of meaningful answers or... — read more
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.
You shouldn’t have to hire high-level contractors to do sh-t right
Do expensive outsiders REALLY fix at-risk accounts? If so, why are internal high-levels unable to execute?
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.
More layoffs this morning 10-23-2023 and this week
More layoffs happening today. I don’t know the extent of it but I know of some people that just got let go. Rumor has it that this will continue weekly until year end.
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