#leadership

It’s a sad state of affairs at all levels unless you’re on the EC, then it’s all working out amazingly. In the past 60 days we’ve lost talent that dedicated multi decades of hard work to the firm. Strong minded, intelligent people that really contributed to shared goals every day. Up to the time when shared goals became a blur of corporate kool aid, McKinsey projects, revolving door of leadership. Never did I think it would come to this but I’m at the end of my pain tolerance. Very sad. Is Wealth growing or shrinking? Can margins grow out of the bottom gutter? Is Jose doing anything to make change besides firing,hiring, cashing checks, selling shares? So sad. The range of firings has been like a sn---r attack in a classroom. Best to dress like the plebes or be targeted. Last thought - does RV look unhealthy to any of you??

AT&T’s (T) chief financial officer, Pascal Desroches, has submitted his resignation to the company effective December 31, 2026, in a filing with the U.S. Securities and Exchange Commission. Concurrent with the announcement of Desroches resignation, AT&T (T) said it has hired former McAfee CFO Jennifer Biry as his replacement.
In the interim beginning July 6, Biry will serve as Deputy CFO and will assume the role of Senior Executive Vice President and Chief Financial Officer on January 1, 2027.
Desroches, who has been CFO since April 2021, submitted his resignation to the company on June 11.
The news of Desrochers impending exit jolted AT&T (T) shares, sending the stock nearly 3% lower in after-hours trading.

If you choose to apply for the VSP just know that it is stated in the FAQs that they will reach out and discuss you and your application with your leadership supv/manger etc and that will be a weighing factor in whether or not they approve you or deny you.

Looney "brings deep experience in global energy, capital markets, major project delivery, and international partnerships to the company", the Knoxville, Tennessee-based developer of nuclear fusion electricity

Keep a chastity belt on all the pretty female employees!

Vivek's purview to say with confidence that the most important applications at Verizon outside of network operations. POS, point-of-sale, intakes some 70+% of ALL of Verizon’s revenue. ACSS is a superset of that software. This software is utter garbage. I mean it’s just layers on layers of undocumented spaghetti code written by contractors that were seemingly plucked from the streets, paid 50,000/yr, and whose agency was billing Verizon 120,000/yr for their time here. At a company with Verizon's profits a full stack developer should reasonably expect to start here and be able to search a UI for any service or data they need to build pretty much anything you could conceive. Yet you won’t find a single shred of such documentation. GTS leadership has passively allowed layers and layers of teams to be stood up where each team only works on one segment of one leg of any end to end business process. No one engineer is empowered to build a single feature holistically end to end without pulling people from 2-3+ teams to get the job done. Often the job is just chaining some API calls and making a UI to display the results. Something a decent college CS graduate could build independently if there was proper documentation. Instead engineers are tasked with endless non-funded pet projects in some obscene race to be the team that shows the shiniest little half functional proof of concept to the nearest VP. All the while our most integral systems are held together with popsicle sticks, glue, and chewed up bubblegum. Everything is expected to be done yesterday. No one cares about code quality thus software/product quality. Most of the leaders within GTS could not solve a LeetCode medium if their families lives depended on it, assuming they even knew what LeetCode was. The sad part is the same is true for most of the Principle Engineers, Distinguished, and associate fellows and fellows as well. All these guys do is sit in calls so they can steal each others ideas. Then go implement them in some shoddy fashion so they can say they did it. Who cares if it works in production or provides any tangible return on investment for the time expenditure. The engineering culture at Verizon is utter garbage and it is perpetuated by the leadership within GTS. It is beyond simple incompetence, the leadership in GTS does not even have an idea of what competent software delivery is. It’s not incompetence because that would imply some intent to do things correctly. It’s simple ignorance. I have seen a VP of Site Reliability Engineering shoot down a Distinguished Engineers suggestion that engineers should be able to run the code that they are working in locally to validate results. The VP thought that was an absurd request. To put that in layman's terms the guy was just saying that when I paint a picture I should be able to see the canvas as I paint. That was dismissed. That’s the level of ignorance we’re dealing with. To reverse this level of cancerous spread you would need to inundate GTS with so much chemotherapy and radiation it likely would die out before any recovery was ever observed. I really do believe that the only way back is just terminating all of GTS leadership. Stop all software delivery. Bring in VP’s from actual tech companies who have actual software engineering experience within the past decade. Allow them to document ALL of the inner workings of the existing systems. Publish that documentation to OneConfluence or some adjacent documentation platform. Grant access to this documentation to ALL VZ Software Engineers. Release all of our Fellows, and Associate Fellows. Replace them with real engineers from real tech companies. THEN you can START redesigning the systems that collect all of VZ’s money. So regardless of Vivek's character do you really think he is prepared to make this level of systemic change to how Verizon delivers software? Or do you think he will just perpetuate slop delivery ad nauseam until Verizon crumbles or someone does the needful that I have laid out here?

Lyons need to start by rewriting the mission and vision statement, and permanently ban trigger words like "meaningful" and" "purpose-driven." The only purpose and mission Bill had was to run the company into the ground and take a meaningful amount of cash with him.

Centene Corporation Chief Executive Officer Sarah London earned a total calculated compensation of $19,506,298 for the 2025 fiscal year. This represents a slight decrease from her 2024 total compensation package of $20,602,148.

Andrew L. Asher — Executive Vice President & Chief Financial Officer (CFO)Total Compensation: $16,072,880

And that's just those two.

Maybe get rid of them first. How many jobs could be saved?

Is leadership checked out in other markets like the PNW or is this a local problem? The last year we took a nose dive..

What happened to sales? Not a single person could speak without reading a script. Can any of them be authentic like SV? Just speak naturally instead of something you clearly know nothing about.

One of the regional heads in the USA spoke for 10mins about a deal when she seemed to have NO understanding of either the deal or the client. It was brutal. And the head of DSS for gods sake just kept going nonstop.

It was refreshing to see the head of client solutions speak from the heart and provide real facts instead of reading from script.

Please Change this org. They cut engineering but not this? Shame!

So why does John Stankey drive a Range Rover? Shouldn't he be driving a Ford, GM, or Buick? Disgraceful

That part about David Bowie and life not being fair. Tone deaf.

Era – Michael Neidorff (1996–2022)
Peak Quarterly Performance: $535 million (Q2 2021)
Annual Performance: Maintained profitability
Main Drivers: Pharmacy benefit manager legal settlements; COVID-19 utilization spikes

Era – Sarah London (2022–Present)
Peak Quarterly Loss: $6.6 billion (Q3 2025)
Peak Annual Performance: $6.7 billion net loss (Full-Year 2025)
Main Drivers: Federal Medicaid funding cuts; asset write-downs

Why is Sara London still the face of this company if she has cost the company Billions??

Curious whether this week’s announcement felt completely out of the blue for most teams, or if others have already been seeing changes over the last 6–12 months (leadership departures, consultant involvement, role reviews, org changes, layoffs, etc.). Trying to understand whether these conversations have been happening broadly across Centene or only in certain areas.

The company took immediate steps to retain other top executives. Suryadevara was promoted to president on Monday, according to an analyst report from TD Cowen. A Fiserv spokesperson declined to comment on that information.

Also, Chief Financial Officer Paul Todd received a stock grant equal to $5 million, according to the SEC filing, amounting to a measure designed to retain him.

https://www.paymentsdive.com/news/fiservs-new-ceo-retains-team/823029/?utm_campaign=Yahoo-Licensed-Content&utm_source=yahoo&utm_medium=referral

In an internal memo to employees on Friday, Zuckerberg attempted to lift their spirits in what appears to be a notable failure to read the room. Specifically, the billionaire promised to host a companywide AI hackathon in July — only to get brutally shut down by workers who were in no mood for such a thing.

https://finance.yahoo.com/technology/ai/articles/mark-zuckerberg-orders-employees-start-123539264.html

Retired or forced out?

Anyway, good start… we’re all hoping stink is next!

Vz stock is down 0.72% today on news Verizon is breaking the mold to put our customers first. Verizon has a great track record of success such as last year’s project 624 which was the biggest customer experience transformation in the company’s history. All the executives posting and reposting our huge win today makes me delighted! These leaders are truly rockstars and highly respected and admired! Proud to be vz. Way to go team!!!!

One of the best leaders this entire company has left and they just announced her leaving with little to no detail. Remains to be seen but she had the highest character I had seen in a leader so I am sure she stood up to the wrong person in the company

As in, don't fire the people who are doing their jobs well. VZ has record profits, but it makes bad decisions at the top creating lots of debt.

We are exhausted.

The people actually trying to keep up are exhausted. The rate of change in our platform, the multiple changes in strategy and direction for messaging, the rate of innovation around AI, middle management that lacks empathy and communication skills, the upcoming move to Google, the constant loud demand to do MORE FASTER with no end in sight. And now rumors of more layoffs to come.

We are at our breaking point. Yes we need to move fast to keep up in the market, but give us some damn grace and maybe a week long shut down to catch our breath. We are only human.

Funny, T-Mobile just did a hackathon... wonder how employee spirits were

Morale at Meta has seemingly hit rock bottom.

Employees have been roiling from multiple rounds of major layoffs. Last month alone, the Mark Zuckerberg-led company laid off a whopping 8,000 workers, roughly ten percent of its workforce, as part of its chaotic refocusing efforts around AI.

Many of those who remain are now forced to perform the grunt work to train AI models, weekly busywork that's already driving some of them up the wall, as Wired reports.

In an internal memo to employees on Friday, Zuckerberg attempted to lift their spirits in what appears to be a notable failure to read the room. Specifically, the billionaire promised to host a companywide AI hackathon in July — only to get brutally shut down by workers who were in no mood for such a thing.

Meta has regularly hosted hackathons in the past, but given last month's layoff announcement, the reception was extremely chilly.

"I'm literally preoccupied with keeping the lights on for my team," one employee wrote in an internal message quoted by Wired. "I have no incentive to participate, let alone have the time to do so."

"I'm not sure that this company supports a hackathon culture anymore," another employee added, pointing out that "people are being asked to cover more work with less support while their colleagues get laid off."

"I've participated in previous hackathons, but this no longer feels like an option alongside pod sprints in my corner of the company," one worker wrote.

Zuckerberg offered employees access to permanent desks, a symbolic gesture that unintentionally illustrated how expendable many of them had become. Many employees at Meta have been working from "hot desks," a controversial scheme involving multiple workers sharing the same desks.

For all its employees' pain and suffering, Meta has surprisingly little to show. The company continues to trip over its own feet, struggling to release impressive new AI models as its competitors pull ahead further in the ongoing AI race.

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In his memo, Zuckerberg predicted that even more difficult days could be ahead for the company, despite vowing to hold off on any future layoffs for the rest of the year.

"Given the complexity of these changes, we've made mistakes and will almost certainly make more," he admitted.

After reading the VSP offer, details & information and the FAQs, these are the questions I have for leadership. Please feel free to add to the list:

1. Can employees review the Separation Agreement before making a final decision? We’re being asked to make an irreversible decision (if our application is accepted) before seeing the actual release language.
2. What is the true amount I will receive of if I accept the VSP? Not the estimated amount. The concern is the amount maybe lowered after our application is approved.
3. If I decline the VSP and am later laid off, what severance amount would I receive? This amount could be lower or higher and plays a big part in the decision.
4. What percentage of VSP applications are expected to be approved?
5. What will my monthly health insurance cost be during the 6-month COBRA subsidy?
6. What will the full COBRA premium cost after the subsidy ends?
7. When should employees expect the lump-sum severance payment?
8. If rehired by Centene, what repayment obligations apply?
9. How will unemployment benefits be affected by the VSP?
10. What happens if my VSP application is approved but business needs change later?
11. How likely is it that accepted applicants will receive a September 1 separation date? The FAQs state the dates may vary.

Has anyone heard from their leadership regarding all this? Ours has been radio silent since the announcement email from Sarah came out.

Has anyone received ANY additional information from their leadership team?

I guess I expected a quick meeting, some type of update or check in, something.

This is honestly hilarious, Centene can not even fire us correctly...
The website wont give verification codes.
We are in the dark for hours, Cryptic emails.
Every leader is radio flipping silent.

For a company I loved to work for and with, this is ridiculous from the chiefs of the company.

I just do enough in log in the hours and collect a paycheck. The place is the walking dead. Nobody cares. Stankey just doesn't remotely come close to having that It factor that you would get behind and do battle for. Most would give him a giant shove into the line of fire.

Just floating around with the tide and no destination. They could have been something if they bought up companies and simply just left them alone. The hubris of strategy, synergies, and merger integration....SBC RBOC boys from Texas. They were block head hammers and everything was a nail. Saw it first hand with the Cingular tie up. SBC heads for the most part were belligerent bulldozers.

I LOVE the cryptic emails from our wonderful leader.

Can anyone tell us what these vague expectations are? A fancy way of 5 days a week for leaders?

Recent diktat from India leadership: managers span of control needs to be 25-28 people. All people within a POD to be equally distributed among managers, no new managers will be hired or provided. Managers lives have been he-l: people’s management, operational delivery, sales targets, DNSO targets, support multiple accounts. Mickey M is sleeping at the wheel, globe trotting, staying in hotels, giving talks on Agentic AI - all this when delivery is burning. Kyndryl delivery ia fked. God save this company

https://www.tipranks.com/news/the-fly/centene-staff-buyouts-unliklely-related-to-wakely-data-says-barclays-thefly-news

Sarah’s message was essentially: ‘when membership shifts, the organization must shift too.’

Barclays may be right about Wakely. It still doesn’t explain the scale of the restructuring. We all know layoffs have been happening every month, largely in the shadows.

Maybe the leaders can’t find their as--s with both hands. In any event, they’re almost certainly not being truthful.

Lmao Mike came in, penalized the teams leaving hard workers out of their jobs and sending layoffs. Now he is out in 13 months tell me he didn’t do well in his job. The leadership changes that took place lately and continuous after Frank left clearly tells that the company isn’t doing so good, it’s like having puppets in positions that don’t make sense.

I heard last week the company is throwing money at expanding IF&M under a new brand name (Healthsprings) so they can compete against other blues in the Obamacare space. Is that actually happening??? Isnt IF&M already a failing market??? Why would this leadership team throw money away like this????

I’ve been in enough high-level meetings lately that I can’t shake an uncomfortable feeling. I’m not saying the company is doomed. I’m not saying tomorrow is the end. But I am surprised more people aren’t talking about some of the warning signs. When every conversation becomes about cost cutting, reorganizations, efficiencies, and “doing more with less” while long-term investment, innovation, and employee confidence take a back seat… it’s hard not to wonder where this is headed. Maybe leadership has a bigger plan that isn’t obvious yet. I hope that’s the case. But sometimes companies don’t collapse all at once. They slowly drift there while everyone convinces themselves the next quarter will fix everything. I could be wrong, and I genuinely hope I am. But if people in the room are uneasy, perhaps it’s time to start having honest conversations instead of pretending everything is business as usual.

This week must be post self-indulgent posts on LinkedIn on how great I am as a leader week.

Honestly, it’s so cheesy and desperate and why would you want to tell your competition what your doing.

I would ban employees from these self-indulgent posts; customers see right thru it anyhow. Comes across as don’t fire me please or hire me please to outsiders.

Seems very very slowly, some of the useless ones are wising up and leaving. ED, AR, and now the CIO (wdf did she do anyway?). Could it be that BL's interests are being weaned out slowly by Meg.

It’s evident that a seasoned professional knew he is unable to save this company and the company’s performance is damaging his professional reputation . Changing hands is just delaying the inevitable. The replacement was a necessity and nothing more. Good luck guys.

We could have ended up with somebody who has absolutely no idea what he/she is doing. At least there's that to be grateful for.

Me and one other let go today. Chatter of STS layoffs in the area of 10% coming as more transitions to India.

A change in leadership changes nothing for us. Rotten culture and corporate greed are the real problem.

This defines our “leadership” deficit:

The reality:
Ford acquired its ADT joint-venture "Canopy" and discontinued its standalone Pickup Cam. Original hardware and app subscribers are receiving full hardware refunds and are no longer supported.

The Ford “leadership” bio:
He also co-founded and led the AI-driven venture Canopy from inception through a joint venture and its successful acquisition by Ford Motor Company.

How do you call a venture that refunded all customer money SUCCESSFUL???
Only at Ford would this person still have a job.