If Cigna is in such financial straits, why are they leasing more office space and spending millions upon millions of dollars renovating offices that nobody wants to be in? Make it make sense, please!
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They got such glowing reviews from the occupants in the office they built in HiH that they decided to mimic those designs in the US offices /s
Here in CA, they figured out they save more money having people WFH than opening up an office, they gave up our office space even after renovations. We haven't heard anything since.
@qt it would be but Cigna won’t care.
@bc this would be BS for those who had an office but the office was closed
As if there is a superstar candidate out there, that could write their own ticket, saying - "yeah, I considered Cigna but I found out that they weren't micromanaging RTO stringently enough so I had to accept a different offer". Absolute idiocy.
One of the "drive to 25" pillars was to be THE employer of choice. So, axing those hired in as remote, and presumably increasing in-office requirements is a way to fix that? 😵💫
I hope to the heavens that I qualify for the VRP
@er they will 100% be eliminating those not near an office within the technology space at least. My leadership said there will be an announcement soon for a big collaboration push due to not meeting drive to 25 or whatever the big thing was. It's just crazy because leadership is so close to figuring out the "collaboration" problem but making more terrible moves (HIH).
@bc I've heard the same. It's a great excuse for them to get rid of the people that are no where near an office. Don't for a minute think this company is loyal to you. They are looking for every trick in the book to advance themselves at our cost.
Don't forget the millions they spent in India getting the tech hub set up. Krishna says thank you.
Ending WFH? Please provide any details, including what happens to those not near any offices. I've heard nothing but I'm admittedly out-of-the-loop on most things.
Before covid they were renovating to be able pack more workers into the same space. Some offices were really congested. Others weren't as bad. You'd get people visiting between offices that were jealous that some teams had their own private room to share instead of having to be distracted by three other teams in an open-concept.
Given the rumor of them ending work-from-home its probably them planning to pack us all like sardines in the smallest space so that we stay sick and unproductive?
Leased space would be a liability, not an asset.
Office buildings are assets on the balance sheet. Buying more increases that asset class for the company.
Renovating happens as business needs change. They started renovating prior to Covid but then had to follow through. Now that they are offshoring so much to India they likely dont need as many desks and will renovate to reflect that.
The other thing is technology going out of date. It usually in an overall business strategy to do refresh every x amount of years and Covid may have accelerated this.