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Elliott and friends

How you’ve found value by just restructuring the company is amazing. But how you will continue to post growth at this circling the drain is beyond even the most experienced insiders when we know this growth is financially engineered. This is a slow motion train wreck and if you don’t take the GE people out of this picture, you will also lose value. It takes consistent incompetence and grifting to destroy something with this much history and momentum and you guys have showed up late to the party.


401K match update

Coworker passed along a message from HR received when asking about the 401K drop. Was told managers received these speaking points in advance to help explain this - any of you managers receive the below?

FAQ:

Why are we making this change?
The health care industry continues to experience uncertainty, especially in the policy environment. Because of this and our financial performance headwinds, we are being even more thoughtful about our resources. This change will align our three 401(k) plan options so that each plan has a consistent employer match of 3.5%. We remain in the competitive range with our peers while continuing to provide a comprehensive portfolio of benefits and well-being programs for our employees.

Who is impacted by this change?
The change to the employer match applies to both our plans. Employees eligible for these plans will be impacted by this change if they are eligible for the employer match and contribute to the plan.


Congratulations Complainers!

We're getting assigned seating

Of all the items that have been raised about how to make employees' lives easier, THIS is the one the MC has chosen to listen to

Not cleanliness or safety in the hubs.

Not RTO.

Not time tracking.

Not pay or benefits.

Seating.

Why? Because it will give the MC a convenient 'justification' for sending us back to the office full time. They do nothing for our benefit, only their own.

Great job. Hope you're all thrilled. Your butts can now avoid having to deal with that pesky reservation system! Our problems are solved at last!


Word is getting out!

I had a dr appt yesterday. He asked who I work for and how it’s going. I said EDJ and that it’s not what it used to be and is getting progressively worse. He said he’s actually heard that from several patients lately.

So, word is getting out in the community! I figured it must be given the FA losses, and nna and auc missing goals by a long shot, but this was interesting anecdotal evidence!


Barclay’s article today RE: Wakely data

https://www.tipranks.com/news/the-fly/centene-staff-buyouts-unliklely-related-to-wakely-data-says-barclays-thefly-news

Sarah’s message was essentially: ‘when membership shifts, the organization must shift too.’

Barclays may be right about Wakely. It still doesn’t explain the scale of the restructuring. We all know layoffs have been happening every month, largely in the shadows.

Maybe the leaders can’t find their as--s with both hands. In any event, they’re almost certainly not being truthful.


Mike left

Lmao Mike came in, penalized the teams leaving hard workers out of their jobs and sending layoffs. Now he is out in 13 months tell me he didn’t do well in his job. The leadership changes that took place lately and continuous after Frank left clearly tells that the company isn’t doing so good, it’s like having puppets in positions that don’t make sense.


Self Promotion Week

This week must be post self-indulgent posts on LinkedIn on how great I am as a leader week.

Honestly, it’s so cheesy and desperate and why would you want to tell your competition what your doing.

I would ban employees from these self-indulgent posts; customers see right thru it anyhow. Comes across as don’t fire me please or hire me please to outsiders.


Xbox to Close Compulsion Games Studio

Xbox plans to close game developer Compulsion Games. The studio is known for titles such as South of Midnight. Compulsion leadership is negotiating with Microsoft about its future. The number of affected employees remains unclear. This follows recent Xbox financial struggles and expected layoffs.

https://kotaku.com/xbox-shuttering-south-of-midnight-peabody-award-compulsion-games-2000706065