Out with the old in with the new. CareFirst has started its first cycle of layoffs under new CIO David Kaercher and CEO Brian Pienink. So far several long time employees (> 20 years) have been laid off as a part of a “change of leadership”. This comes as a surprise as CareFirst has requested a rate increase for yet another year in the individual marketplace and after posting gains of a fairly high margin in 2017. The layoffs arrive amidst a time where employees report the working conditions are no longer conducive to CareFirst’s commitment to a reasonable work schedule, flexibility, and competitive benefits. The company’s nonprofit status is a central theme used as management’s explanation for lower wages than market value, making some employees question if the statement layoffs are in the best interest of the company.
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I have a pit in my stomach...this is not how it's supposed to work.
The morale is at an all time low. People are packing up their desks and just sitting around waiting to be fired. It's tense.