Can somebody share any details?
53 replies (most recent on top)
The leadership team prior to Patient Square taking them private crushed a once great culture. Mediocrity was the norm in the C-suite and E-team, with no commercial foundation or urgency for success. The CEO tried to position Premier as a data company without even knowing how to monetize the data, all while diluting the core components of a solid GPO dating back to the Sunhealth days. Too many leaders protecting their jobs…hence dozens of mediocre leaders still there with 20 very average years of tenure.
@1e8 having an attorney look at it, if possible, is a good idea. If you're over 40, you have additional protections and access to additional information regarding the selection process
https://www.fmr.law/blog/2025/august/over-40-and-laid-off-work-/
Has anyone who was laid off in November 2026 had an attorney look at their severance offer? Anyone ask for more than they offered?
@1at i've heard that it was supposed to occur two weeks sooner than it did, not that two weeks matters at all in this case. Again, since this is what private equity does, I was sure layoffs were coming, but I thought they would wait until just after the first of the year to avoid the optics of pre-holiday layoffs, but to have it done prior to any bonus payout (LOL) in March. Now I'm wondering if they'll use the excuse of a one-time charge for the RIF as an excuse for the EBIT portion of the AIP to not hitting threshold.
@1ap I was not laid off and I did NOT get a bonus in September.
I just can't believe the audacity to do this right before the holidays. Talk about being heartless. This really upsets me and puts me in a dilemma. "Should I stay or should I go?"
My heart goes out to the amazing and incredible people who were let go, and so abruptly too! Fu--ing pi---s me off to no end.
@19v I was laid off and did not receive any type of bonus in September. Are you saying people who were not laid off received one in September? So they have known since then who they were laying off?
Did any of the laid off people receive the super secret retention bonus in September?
@zr you could see it coming as soon as they were taken private by Patient Square. It’s what private equity does. Cut costs to maximize cash flow in the short term and then start finding ways each subsequent year to bleed more money out until they’re done. I’m sure the next few years will see legacy SAAS products that aren’t pulling their weight dropped, along with their developers and support staff. PS has already stated they won’t hold Premier for longer than 7-8 years and it’s looking like bankruptcy may be their ultimate exit unless they can find someone else to buy it and attempt to save it.
You could feel the layoffs approaching with change of CEO. Multiple meetings on the calendar since he started, removed a lot of VPs who were loved and even the CFO. The time was surprising but not the layoffs.
@x5 No lies told here. We had a VP promoted on our team and they do nothing but take PTO.
The entire sourcing team was restructured and people got promotions who do not deserve it. Teammates got put in roles that make no sense on these new teams. Seems like a boys club now of "senior" leadership. But if you feel a certain way, please speak up...if you are allowed in the room
Do we know if there are any VPs that were laid off and not leaving until December? Have any of them made the announcement of their departure?
@pb Remitra is not Premier’s primary focus. In fact, it appears to be a dying product. The broader goal is to deliver “value” to members through a combination of initiatives, strategies, and developments, rather than focusing on improving a single product. However, the new owner’s approach to achieving that goal has been unnecessarily harsh, ruthless, and destructive. It has severely damaged employee morale and dismantled the company culture that took years to build. Given the way these changes are being implemented, it's highly unlikely that this strategy will ultimately succeed.
There are many open positions posted on Premier’s website, some as recently as within a day of the layoffs. The new leadership just laid off so many highly qualified, experienced, and loyal employees, yet the company continues to recruit for new positions. This upsets the remaining employees even more. Private equity doesn't care about the morale. Employees are robots to them.
If you're currently in the job market, I would strongly caution against considering Premier. Employee morale is at the lowest, and another round of layoffs is inevitable. Job security and employee loyalty clearly no longer priorities under the new leadership.
@js if team Remitra is their only hope it really is time to consider premier a lost cause.
@kq Premier’s analytics are not at the level it should be. It’s embarrassing. The website is equally embarrassing.
@m4 what was the update on AIP?
@jx Agreed.
They also covered AIP status in the same meeting where they announced layoffs to the entire org. Really in bad taste
@kt You mean Acurity? That’s no longer around. The name Acurity has been repurposed into another Premier aggregation program.
@kt GPO seemed to be at the center of their new structure.
What about GPO in nyc?
I believe everything I am reading here. I’ve also heard they are sunsetting tech products. Can anyone comment on if there is any truth to this? On a tech product and concerned.
@you must be in HR with that tone...
@js How do you move away from ALL product lines and still have a company left thats worth any $? What am I missing?
sorry, typo in this original post, and i can't edit. I meant, "For example: Grades E-F (Senior Director / Director) min of 12 weeks, max of 20 weeks"
@k5 PTO vacation time yes. Sick time, no
Premier has a published severance plan, so should not be much of a surprise. VP's get 12 months of pay. Every other salary grade get's 1 week's pay for every year of service. Depending on the salary grade there is a minimum and maximum number of weeks. For example: Grades E-F (Senior Director / Director) min of 12 weeks, max of 10 weeks. Grades K-N min of 4 weeks, max of 8 weeks.
I heard the number let go was over 300, but not 400. Probably around 14% of the org.
Anyone who was laid off care to share if their PTO was paid out? I’m bracing myself for the next round :( very sad to see so many talented, respected, and amazing coworkers leave.
@jx you should if you're a local person.
No word of this in local Charlotte news. Wonder if someone should tip off the Observer or Charlotte Business Journal.
MORE LAYOFFS ARE COMING! They are deciding which product lines to keep and likely will be moving away from all except MAYBE remitra, get outta there yall. The severance is minimal, it's based on "tenure and role level". I haven't heard anyone getting more than 12 weeks. You will NOT get paid your sick time but I believe you can if you resign. They are strategically cutting so they do not necessarily have to put out a WARN notice. From the date we were laid off through the severance counts as their "60 day notice". You all will have another one of these calls in January to where that 60 day mark hits right before they give out the delayed annual bonus.
I was laid off June 30 from Premier right before the new FY started. As a senior director received 4 months severance and a portion of cobra paid as well. I heard another round of layoffs was going to happen but wow!! This past one is I think at least the 5th or 6th one I’ve see. In the last 18-24 months.
With the change in their FY. It would not surprise me if they start divesting bits and pieces.
Sorry to all those that lost their job. I know how it feels but honestly at the end of the day you’ll be better off. No one is safe. And loyalty means nothing anymore.
@ff please explain, it did not seem like new December layoffs are likely. Some will transition out by then but no new
Heard that VP level and up get a whole year of healthcare. I guess the peons get to fend for themselves. What an awful way to treat loyal employees!!! Shame on them!
@gh it was much, much worse than that. And I love how many times they say they want to be open and transparent, and in the next breath keep all the targets/results completely secret. It’s like taking a pass/fail college course with your career
I am hearing roughly 350, or around a 15% cut. This varied from senior leaders to entry level positions in my organization. AIP/bonus target data is now permanently private as well.
Bonuses were mysteriously withheld in September despite the company performing strongly in all prior AIP review calls. Numbers were not released for the first time in company history.
For the next bonus, we are now only being told if we are "between baseline and target", "between target and stretch" or "exceeding stretch".
What about the rumors more layoffs are coming?
This started when they did the IPO. CEO at the time had a short term goal to provide pent up LLC ownership back to customers who owned the LLC. One time a cash infusion when health providers needed it. But from that day it was no longer about savings and lives saved. It was about quarterly EBITDA. Then with PE purchase, the PE firm didn't do their due diligence and took out a massive debt instrument at a high interest rate to buy the company for $2B when it was probably worth half with all the SAAS accounting tricks. They also underestimated how much not for profit healthcare hates publicly traded firms and PE owned firms even more. No customer can assume Premier has the customer at heart. It is about a transaction event in 6 years (or less) to slice and dice the company and for the PE firm to maybe get their money back. But big customers loses will now accelerate because they have reorganized the company as if they have a product that wins and technology will win the day. Well, on both those fronts they lose. Huge customer losses already. Allspire, Advocate, Prisma, etc.... this goose is cooked. Let it burn.