If I hadn’t known any better watching the latest CF Connect, I would have thought the company was doing just fine. No transparency per usual on what is actually taking place. No mention of about 100+ million deficit, hiring freeze, financial cuts, rumors of layoffs; why won’t leadership tell it to us straight?
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@sr Union Station is only 1.5 miles further from the White House, than Met Square. This makes not sense any way you look at it.
@qb A member of the ELT who was recently let go said in one of the meetings that it was the proximity to the WH that made CF sign the lease! No wonder we are in trouble !
@gv I would love to hear the rationale and cost for some of the real estate decisions. Who signs an 11 year lease for Met Square when Union Station was far more flexible, costly and accommodating.
@dkThey have been hiring for the last year. Unfortunately a lot of the new hires don’t last long because of the unrealistic expectations and the poor training.
@hf But there's already a CIO. ....... bwahahaha! I'm sure it will be perfect timing to wait and drop a new one in right sm--k dab in the middle of open enrollment.
@gv Merriweather makes sense with Owings Mill gone but Met Sq is a vanity project and needs to go ! I am surprised how slow Kurt has been with the ELT changes, he hasn't even named the new CIO yet
@dk There was plenty of transparency on the numbers to include the massive ongoing losses in the government programs space. My read is that Kurt is trying to force the organization to do something other than spend their way out of it like they did with the failures of Nexus and Core. Problem though is that the pressure is going to continue to dump on the levels that did not cause the primary problem. The Employee Survey said it all - ELT su-ks. That will not change until and unless Kurt takes that head on. "Flawless Open Enrollment" is going to predictably devolve into screaming and finger pointing and unrealistic expectations on the same burned out workforce. Shut down Met Square and Merriweather. Drag ELT and SLT back into Canton. Force a culture change top down.
Not sure what you mean by "no transperency", they presented the financial dashboard during the townhall and again during the IT all-hands and addressed the revenue shortfall (not $100M but $223M to date). The "hiring freeze" is simply not true, there are 18 reqs open from one IT division, and over 100 positions open on the external site. They also mentioned that we'll have less portfolio budget next year across the organization.
I wonder how long before he cans the CFO, who is a leftover Piennick hire. Things get bad enough, eventually one of the head honchos has to take the fall. Kurt can sell it to the Board that he needs one of "his people" in there to help get them back on track.
I work for another company with close ties to CF. I was talking to an executive the other day who knows I used to work there and they were very blunt in their assessment of the state of CF. They are in big financial trouble, and many healthcare institutions are not being paid on time/at all.