Announced today that 25% of roles are being eliminated and relocated, 50% title, reporting, or role change, 25% unaffected.
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The 25% impacted will still continue to work till July 1. Severance is generous. Base of 9 weeks plus 2 weeks for every year. I know folks who got 52 weeks severance. Plus get about 26k in retention bonus if stick till July 1. Also will get full annual bonus on June 15. The impacted people have already lost commitment or interest. That will also severely impact the output of people who will be staying because they cannot depend on their team anymore. A big pile of hot mess left behind for people who are staying and causing bitterness, coldness and conflicts with team already.
@qv we were told that they will relocate our roles to canada. Not we are relocated. I wonder how much they will save - but definitely they ki-led all good employees and morale of remaining employees.
Was told we will be replaced by same position in canada. Leaderships wastes again for shiny ai demo and firing those who care about company. It is so betrayal and not sure if anyone will be loyal to this org when leadership never look at employee as a family/human being but rather something they can replace for 20% ish of saving. - not to mention amount of effort to train replacements, morale of survived ones. There are clearly team lacking - ai dev that last two years came up with nothing- they are not affected
Hey what did they tell you about relocation ? Will it be to Canada?
@aa The federal WARN Act requires employers with 100 or more employees to give 60 days' notice before a plant closing or mass layoff affecting 50 or more employees at a single site. It is possible they were strategic about who they chose. It is also possible that WARN notice was given the day of the announcement.
Nothing says “investing in technology” quite like eliminating 25% of your technology workforce and reorganizing another 50%. At this point, McKesson has spent more time restructuring its technology organization than actually building technology. I’m sure the next town hall will feature another inspirational slide about innovation and operational excellence.
@gw that has absolutely zero relevance to the subject of this thread
@g2 I was speaking generically. Obviously MT isn’t a product, but I’m speaking to the fact that McKesson has never been able to product leading technology products. Just take a look at MTS, RxTS (CoverMyMeds), etc. the list goes on.
@a7 obviously doesn’t work there or would know what McKesson Technology refers to
WARN has thresholds that need to be met
For the last two months, they were hiring folks in many locations at USA. If IT is impacted, are they leaders or Engineers?
Due to lack of upper management skills the lower level manager got terminated today at no fault. Again this is going to be a big fall to McKesson
12 weeks?
What is the severance package?
Pure blood bath. Most of the IT impacted
@a9 Announced today during a town hall. No statement or WARN act that I've seen.
Source?
@OP McKesson has historically not done well as a technology company.
Specific to McKesson Technology