The Executives continue to underperform and the middle managers get the bullet. They are firing the subject matter experts with legacy knowledge. Meanwhile, new VPs are brought in and are creating chaos. Where is this going? How is this company going to continue to function? Also, who is going to train the entry level staff? Someone needs to turn this around before it's too late. Can we take a vote on replacing Mark K?
11 replies (most recent on top)
@2y2 I see you are finally starting to see reality.
Gainwell is no longer defendable.
When you have to refinance 6 Billion in debt to secure 4 Billion in loans, kind of an indication it's a sinking ship. Why would anyone hitch their horse to this wagon.
@2tn Agreed. It is happening. Gainwell is desperately trying to get on the right side of their finances.
It is a sinking ship. And desperate people do desperate things.
@2t3 The states 1) Don't know it is happening 2) Actually allow it, which is shocking but happens or 3) have weak contract provisions that can be easily circumvented with tricks like remote access or supposed deidentification.
@2q8 They can't move everything to offshore because the states won't allow it.
Gainwell is a sinking ship and clearly moving everything to offshore
@gn If you are close to retirement that is the only reason anyone at all should be working for Gainwell Technologies.
@f6 It isn't an option because age discrimination in hiring is very much a real thing. Especially in the tech industry, but quite pervasive everywhere.
why is it not an option?
For us old-timers who are just waiting for retirement in few yrs, that is not an option.
This is nothing new. This is how Gainwell operates. They constantly have rolling layoffs. And they lay off who they want. Often it’s the experienced folks. They are a mess of a company and staying employed at Gainwell is a massive risk of being laid off. Nothing new. If you are employed by Gainwell you should be looking for a new job. Get out before you are let go and don’t have a job. Sc--w the severance. It’s beans anyway.