I work for WellMed. We are now under Optum, it's been about a month. I was told with this transition, they will be making cuts immediately as soon as next week. A lot of people dont know this is gonna happen so i know its going to shake people up (rightfully so). Its very unsettling the amount of layoffs the entire organization goes through every year. I've only been here for 7 years and every year, there are layoffs. They cut people, don't replace them, or if they do its with AI or they dont promote employees.
Posts mentioning hashtag #cuts
Below are all the posts — topics as well as replies — that mention the hashtag #cuts.
Mention #cuts in your post to continue the discussion!
Can someone explain WARN act timing?
The Mercury News reported two WARN act filings by Oracle - disclosed on August 13, filed again on August 14.
"Oracle America is cutting 101 positions in Santa Clara, the company revealed in a WARN notice filed with the EDD on Aug. 14. These staffing reductions come on the heels of a disclosure by Oracle on Aug. 13 that it had decided to cut 188 jobs, consisting of a loss of 143 positions in Redwood City and 45 in Pleasanton."
Does this mean that the disclosure layoffs (Aug 13) already happened but the filed (Aug 14) layoffs have up to 60 days to execute?
SBG hits
I suspect SBG will get hit hard but which groups if anyone has an ideas ?
Aramco wastes money like crazy ... yet squeezes employees and contractors
There is a long list of Aramco's failed investments over the years. Let's start with Chemicals: Sadara, Petro Rabigh, Rapid and there are more coming. Wall Street research suggests that Aramco will be lucky to get their money back from these over 20 - 30 years, and Rapid isn't even in Saudi Arabia and thus creates no jobs inside the Kingdom. And all of these pale in comparison to Jafurah unconventional gas. The government has given Aramco over $100 billion to build infrastructure for gas that has yet to arrive in meaningful quantities. Management's solution to all these bad decisions seems to be to squeeze employees and contractors. Oh, and borrow more money ... or as Aramco's CFO likes to say "optimize the capital structure". I think I can safely say that everyone outside of Senior management is disgusted. Its not just Expats, good Saudis with options don't seem to want anything to do with Aramco either.