#layoffs

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More ETX layoffs and offshoring?

I heard there’s going to be more major layoffs in ETX before year end or in January. Rumor is they’re bringing in Salesforce, Microsoft and AWS consultants to do all new work and then offshore teams and managers will support after that. Apparently they want 90% offshore by end of 2026 and are already at 75%

#Layoffs #Offshoring #Consulting #RIF

4Q Massacre Coming – NVWs in the Crosshairs

The rumor mill isn’t just noise this time, there’s a storm brewing. Multiple friends in high places are warning me NVWs are squarely in the target zone for Q4 layoffs. RTO FTW purges were just the appetizer. Now leadership wants the main course, headcount slashes big enough to make Wall Street smile. If you’re NVW and haven’t committed to moving to a hub, look out! You’ve been warned.

#Layoffs #RTO #Policy

Because You Deserve To Know…..

Hi, everyone.

I will preface this post with a disclaimer:
I have been struggling while working on this post off and on all day because I believe the people who came here looking for answers should get them. I have to be cautious of what I say and how I say it to not tip off my role within the company. If this seems overly vague, I apologize, but please understand that I need to try to protect my own well-being (or what’s left of it, anyway).

Some of you may already know that there has been a clash in ideology for some time between the Board of Directors and the C-Suite Leadership team. The tumultuous acquisition of the CareAllies (HealthSpring) business has only intensified the situation. Maurice has been the mediator between the two for some time, or has at least attempted to be. He has proven unsuccessful in this effort, however.

The board independently sought out an external consultative analysis of roles and organizational structure within HCSC post-acquisition close back in March. The suggested outcome of that activity is what all of us are experiencing today and/or throughout the rest of this week.

It’s being communicated that the decisions of who has been released is based on “span of control”. In reality, it seems purely financial, but incredibly random. Some divisions were asked to eliminate 5% of their total headcount, others were given specific targeted individuals who were high in their respective pay scales (which also coincided with longer tenures in most instances).

This began today (Wednesday) with various roles across various Strategic teams, Finance, Customer Experience, Digital, IT, EPMO, various Product teams, Pharmacy, and some Customer Service Operations verticals. This impacted both HCSC and Cigna conveyed employees, but the logic behind the selections on both sides is confusing, at best. Many leaders were not clued in on these decisions until after the process was well underway.

This RIF will continue into the lower levels of both exempt and non-exempt staff throughout the rest of this week, although I cannot disclose what areas are next to be impacted. I hope you can understand.

The Org Chart will be down for some time, and you can expect to see some significant shake up at the Executive Leadership level.

If you haven’t been able to tell already, the company’s morale is about to be the lowest it’s ever been. Tensions will be high in the coming weeks and months and it’s very likely that this may not be the only round of releases before end of year.

There’s also some discussion taking place right now of a full 5 day RTO to provide expected additional attrition as a means of budgetary relief, but it was settled that this round of RIF was to happen regardless. VSPs for eligible employees is considered a potential contingency plan at this point if attrition goals are not met effectively.

Stay strong and if I can come back with more insight, I will do so.

#Layoffs #RIF #RTO #Leadership #Morale

September layoffs running total

Sep24 6am UTC - Sep25 6am UTC totals: 80 layoffs, 9 additions.
September totals (except Sep01): 5635 layoffs, and 825 additions.
Methodology and day-by-day breakdown is in comments.

I know a dev team in Pacific, which had the last day yesterday, but they are still in Slack and it is unclear why O stopped cutting access to some people. Maybe it was too easy to track layoffs. Therefore, these totals are the floor estimate.

#Slack #Updates #Layoffs #Cuts #Track

November layoffs are a fact.

I hate that Halliburton is such a layoff happy company. Many of us were laid off recently and told that we could be subject to call back. Not so fast. I talked to my friend who still works at JRC, and he told me that the PGL's and the leadership have been having meetings since Monday about another layoff list. He said that November layoffs are a fact and that an additional 30% will be let go. Some areas will close and others will merge together. He said the order books are being manipulated to make the employees think that everything is ok. in his area, no new work is being released. He told me that some operations are currently being moved to Oklahoma and some sent overseas.

Please spread the word and prepare others for November.

#Layoffs #Offshoring #SiteClosure

DUH!

Phillips mastered the “Art Of The Layoff” in 1999 and has continued to refine it over the decades. Take a look at their service stations and compare them to QT or OnCue. Pretty easy to spot the winners AND THE LOSER! 😉
Not sure about pipline and plastic…

#Layoffs #Commentary

DB org lay off rates by age group

Data the Oracle OWBPA (Older Workers Benefit Protection Act) disclosure reveals a steep increase in the layoff rate beginning at age 60 in the DB group. Here are the percentage of people laid off by age group.

Age Band Pct Laid Off
20-24 4%
25-29 10%
30-34 6%
35-39 11%
40-44 8%
45-49 9%
50-54 10%
55-59 10%
60-64 21%
65-69 26%
70-74 34%

#Layoffs #Ageism #Data

IF YOU GOT LAID OFF PLEASE REPLY

Soooo there has obviously been a huge amount of layoffs happening.

Please— if you have gotten laid off today or if anyone knows of anyone that got laid off can you reply the department name?

Also— does anyone know of how many people they are laying off and/or if they are going to be doing this the next couple of days?

Praying we are all safe.

#Layoffs #Layoff #RIF #WorkforceReduction #HeadcountReduction

A FIS Haiku

Shrink, shrink goes the workforce.
The price of stock follows.
Down, down goes NPS.
Investor, customer and employee trust all lost
Ring ring goes the mckinsey cash register. The only thing that goes up
3 years. We’ve seen enough.
Time for the board to make a change

#Layoffs #StockPrice #BadLeadership #BoardOfDirectors #Consulting

Rumored 30% workforce lay offs for IT

India IT manufacturing team has been here on North Campus for the past month. Last year they got rid of the Philippines IT team and moved all their applications to India. confident the same thing is happening again for US owned apps. Also, seems they are targeting tenured but not confirmed.

#LayoffRumor #Layoffs #WorkforceReduction #Offshoring #IT

The OpenText Storyteller Quest by Sandy

Is this even legal? It’s a mandatory “training” where all marketing personnel are required to video record themselves and narrate a story based on a script. In my opinion, this is a North Korean-style approach to engaging employees and creating a false perception of the company’s success, all while everyone is overworked, poorly managed, and laid off every six months!

#Training #Layoffs #EmployeeEngagement #Morale #Toxic

Have layoffs started?

Nothing’s happened yet where I am, but that means little in the grand scheme of things. The rumor mill is nonstop. Some say cuts will begin tomorrow and wrap up by Friday, though who knows if that’s true. It would be great to get a real heads-up, but no such luck, I guess. If you have any updates, please share.

#LayoffRumor #Layoffs #Timing