I heard from multiple sources a major announcement is coming Monday. Unsure if it is more layoffs but been told to be on the look out.
54 replies (most recent on top)
@dc is there layoffs Monday?
Announcement Monday.
Evaluation over 6 more weeks based on McKinsey recommendations.
Final cuts will happen in February after 1.1 busy season and before bonuses.
No more VRP... selective removal of layers across entire org.
3 Billion in savings isn't a small reduction.
@d3 I hope! Many will gladly take it
C9 has the smartest response I’ve seen in this thread in a while.
Monday and even in the mid run should have big news for all employed at Cigna domestic and international
@a3 do you know for sure if it’s layoffs??
I thought people said 11/12.
Are they going to follow Microsoft to start the Voluntary Exit Offer (VEO) to provide eligible employees with a severance and transition package equivalent to standard company severance terms. Many people here are going to love it!
I pray everyday to get laid off from this toxic company and management 🤣
@a3 yes what isn't replaced by AI is going overseas. While the highest up positions remain onshore so they can still claim its an American based company and keep their high incomes while getting cheaper labor overseas.
My guess? They're going to push as much management as they can down to the level of the peers that were reporting to them, with the expectation they now have to personally show results. Sr. people will report into Sr. people. The number of people who are even eligible to report to a manager will get cut in half, which will be definition reduce the need for management.
Also, consider how they're changing the rating structure to be a number scale. That works better with lots of people. When you have a manger with ~5 direct reports, and you hand out a score of 1-4, it's kind of stupid. This fixes that little gap.
This flattening isn't new, either. Years ago they moved Program Managers to Project Managers. Overnight, all those Program Managers were now peers with the people who reported to them, and were expected to be individual contributors. Inevitably, some quit.
To quote the movie Office Space, if you can answer the question, "so what would you say you do here", you'll be fine. If you're a people person, you should worry.
Flatten away. Let nature run its course.
@ad They could flatten the organization a lot more efficiently if they laid off the top two tiers. Millions to be saved simply by kicking BE and overpaid fawners to the curb. They don't seem to know what they're doing. Certainly not as it pertains to healthcare.
@OP This is correct, and yes it’s about mass JE’s and “flattening the organization” across the board. Nobody, Band 5 and below, is safe.
@OP Monday? No way! Have a good weekend!
Its definitely more layoffs. They are replacing a lot of jobs with ai in the next year or so.
Something to look forward to.
I hope it involves Lead to One.