It’s not a question “IF” Anthem/Elevance is planning more RIFs, it’s more like “WHEN”. Always just assume they are, and plan accordingly. No one is safe from the RIF, so get your resume and LinkedIn up to date, start looking for ways to network more, save as much money as possible, figure out ways to strengthen your mental health, and show up every day knowing it very well could be your last.
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If leadership is not buying the dip then it favors incompetence.
💯. There will be more RIFs before Dec 31… we are losing $. At least on paper. I suspect that this was done on purpose, to justify the RIFs probably planned a year ahead. Project insane growth and loss amounts, and act shocked when unable to meet growth targets and loss targets have been busted through like a bull at a rodeo. No one could be a CFO or in senior positions and make the financial projections they’ve made, unless completely incompetent or strategically planned.
@eq Healthcare finance is broken and wouldn't touch any of it.
@db: “ SLT has already said they expect finances to get worse.”
Does that mean we should short ELV stock? Asking for a friend…
Definitely, more RIFs to come. SLT has already said they expect finances to get worse. They are clueless.
I agree completely. They have let so many people go in the last 18 months and rumor has it they're not done. I was blind sided earlier this year and so were many of my co-workers. You can only prepare yourself so much, because it's still a shock when it happens.