Do you think the layoffs will be mentioned during the Town Hall? I can't see how it could be avoided. Pretty scandalous if there is no mention of it.
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Star ratings are down across the landscape. Several ratings changes were made, and this it wasn't just Elevance Health. HOWEVER, our new brands that we haven't contaminated yet, MMM, Health Sun, & Simply maintained their high ratings.
IMHO, the leaders of the teams that own star ratings measures, should take the hit, not their teams. After all, it's the leadership that sets the strategy and if that fails, the leadership should be held accountable. Which I am sure is why the Medicare President is leaving.
The only thing said was tough decisions had to be made blah blah blah. Mainly due to a drop in stars ratings, keeping shareholders happy, loss of Medicaid membership, & keeping the CEO’s ridiculous salary going up regardless of how sh---y the company is doing. I’m sure more lay offs are coming based on the articles I’ve read about how much loss is coming in 2025 due yo the poor star ratings. Our competition did much better with their star ratings.
It was mentioned in Carelon BH town hall today (10/17/23). So kind of them to invite those of us that were RIF’d so we could hear them talk about improving culture. My term date is 10/20. They are tone-deaf and don’t give a damn that they have ruined morale. James Polo said no more RIF for Carelon BH “in 2023” but associates are leery and don’t trust it at all.
They will blab on about the same thing but using different words from last time. Basically they will say, "You guys are doing okay but we need more from you because the people at the top aren't getting wealthier fast enough. You're going to have to step it up. By the way, your raises will be puny - smaller than the increase in the cost of living - cuz you kinda su-k Also, we want you come sit in the office by yourself near people you don't know who don't work in your department because PRODUCTIVITY." Along with a big ole dose of resting b!+ch face from CEO. :(
It's comical to consider they would even broach the subject. If they did then they would say "adjustments were made" to better blah blah dog and pony show and then deflect.
They won't say a word. Their concern is stock price, dividends, bonuses, reputation and Wall Street. Not the people that keep the engines running....
They've never been transparent about layoffs in the many years I've worked for them.
They are avoiding it in smaller town halls. Why would they do it at company level.
Not scandalous, just how these large corps operate. They won’t announce these things ever. Once you realize when you work for these giant companies that you are a fish in a shark tank, you learn to either come to work with your shark face on or a fish waiting to be eaten. Either way many of the roles we have working at any insurance company have a 5 year plan because it’s literally a waiting game until a layoff.