Here’s the insanely ridiculous word salad from the 3Q22 Earnings Results from BB. Project Growth Progress — “While the formal Project Growth target has been substantially achieved, we are committed to ongoing, sustainable improvements. We now have line of sight into initiatives that will allow us to fully realize that goal. Going forward, we will continue our historical focus on productivity, leaning into the best practices learned through our value creation efforts as we continue to advance our long-term business strategy.” What are your thoughts on this? Basically, are more RIF’s coming down the pipeline in the first quarter of 2023?
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RIF gives you 60 to find a new gig then severance kicks, if you can't find a new job reconsider your skills.
@1one+1jvKozXC — I’m not trying to trigger anyone. Analyzing the verbiage from the earnings call, and trying to interpret what it means, gives us the best insight on if the company is gaining the revenue they are looking for, if they are on target for their profits, how “project growth” (aka layoffs) are going, and what the overall direction is going to be. And I’m certainly not trying to cause anxiety or spread gossip. We’re on a layoff site because we’re worried about our job security. We have bills, families to support, and we all need stability. The last thing any of us need is to lose our job, so yes, naturally we desire answers. Please show more compassion.
If you count in Kindred we have another 50,000 employees.
@yxr+1jvKozXC "Lots of savings when you cut most of your staff!!! Humana has something like 55,000 associates. Most of your staff? You must be a Twitter associate on the wrong board.
What is so triggering? They expect more Medicare advantage members signing up because of the plan benefits they offer. They gussied up the whole reorganization to pretty up the pivot. All we can do is wait until next week to see if we’re impacted or not. The anxiety is possibly related to the what’s next issue with finding another job, not working at home, etc….try to use that energy into looking for another job now, you can always reject it if its offered to you, if you’re not RIFd, but it may be one of the only ways you can feel somewhat empowered right now
This whole post is creating unneeded anxiety with gossip. The verbiage from the earnings call does not necessarily mean more people are going to be laid off. You think you are reading in between the lines, but really are hurting associate well-being.
Does this whole thing suck? Yes.
Is it a for-profit business with stock share? Yes.
Are you ever safe in any company without a signed contract or labor union? No.
Do your best. Hope for the best. And stop triggering folks who are already vulnerable.
Actually, if you read the business news, Humana just invested the 1 billion back in
Heard from a colleague that Humana is executing additional layoffs this week. Significant number of associates were already targeted for reduction on 11/7. Must be part of trying to achieve $1 billion in value (aka cuts) that CEO Bruce announced earlier this year. Doubtful that "value" is going into Humana wellness services but rather marketing/sales. Unfortunate as several healthcare systems in FL market are no longer accepting/paying Humana insurance because the company isn't paying claims (or is too difficult to work with). You can expect another round of cuts if the Medicaid Advantage numbers don't improve. Company is bleeding market share in comparison to competitors.
Interesting when they bring in companies to trim the fat. A lot of those suggesting the cuts later become upper leadership
To "Have you read go/growth",
The information is very high level with no dollars attached. The PTO bank cap was reduced. The STD benefit was reduced. What C-suite benefits have been reduced?
You seem to be OK with what's happening so either you have a golden parachute, you're delusional enough to think you're magically indispensable, or you are part of the decision making squad. It's easy to be arrogant and tow the company line when you think or know your job, home, mental wellbeing isn't at risk.
So instead of being a condescending jerk maybe you should simply remain silent.
go/growth doesn't put any number value to anything there so who knows how much has been saved? All I know is from my part of the org I've seen no real review or revision of bad processes and just this week have seen multiple teams buy "nice to have" software that is not mission critical (and in fact are 2 separate software tools that do the same things but no one coordinated so maybe they could save some $$!) so all this talk of building efficiency and cutting costs has fallen flat for me. I'm getting moved to a new department but no one will tell me what the job is, just that if I didn't take it I'd get put on the RIF list. Everyone is upset that I've talked to (those leaving and those staying) and doesn't seem like any real problems are being fixed. Its really disappointing to see.
In a word, yes. They’re not stopping with November.
It is what it is. Buckle up and get ready to ride it out.
To go/growth. Until I see them cut bonus of bb and those upper management to save jobs. It is all bs
Lots of savings when you cut most of your staff!!!
Have you read go/growth?
They have done a lot more than just laying off employees to meet their target. A lot of it is eliminating waste and building efficiencies.
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