The RIFS are out of control. The American job market is in bad shape and its not just Elevance. Pretty much every industry is in shambles. I'm not sure how this is sustainable as a country. If anyone is aware of any industries that are doing well please comment here so we can help each other out. I'm looking to transition careers but nothing is looking good for a middle aged person.
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@@fy+1jkeg3p9x same here I was laid off in November, and despite having a degree and 20 years of experience, I can't even get an interview. It's quite troubling, especially since many other industries are facing similar issues. There’s nothing to transition to that feels secure anymore. Not everyone is suited for trades, so it leaves us wondering what to do next. I can see universal basic income becoming a reality sooner than we anticipate.
I've been applying for jobs since October when I was notified of my RIF. I focused on internal jobs until my exit in November. Albeit the job market was slow during the holidays and positions being listed have picked up, but I've applied for so many positions and I haven't had a single interview outside of elevance yet.... its scary. I was with the company >20 years, and have a few bachelors degrees and a masters degree. I am looking at other fields outside of healthcare, but know that thousands of federal workers are about to hit the job market is only going to make things harder.
https://www.cnn.com/2025/02/07/business/job-market-trump/index.html
By many measures, America’s job market looks to be in good shape: In January, unemployment was at a historically low 4% as employers continued the second-longest streak of job growth in US history, according to fresh government data out Friday.
I picture our so-called leadership staring at PPTs with a Jim Mora look on their faces going..."layoffs. LAYOFFS." Grifters have to grift and they are really good at it.
I highly doubt SLT reads anything on this site. If they did, you’d think they’d buy themselves a clue. They seem more out of touch with us peons everyday.
CarelonRx are getting ready to start a round of layoffs
The issue is that the SLT aren't as smart as they make themselves out to be. How many quarterly earnings calls in a row did leadership increase their guidance to Wall St. because "we" were doing so well? Then in 3rd quarter 2024 they miss EPS by 31%.
Wow, doesn't sound very smart to me.
Because of that ineptitude, they continue to bring in people from McKinsey and other outside consulting firms to make things better, but those companies ultimately make things worse.
The worst part for associates is that the AIP amounts are always accrued to the books each month. I believe the final net profit the company showed for 2024 included booking the AIP amounts at target. Management then makes the discretionary decision to sc--w the associates and not pay it out. Shame on them (but they will still get their fat bonuses)
Since I know our company monitors these posts I do have a question. I know we had record profits last quarter but yet most of us aren’t getting a good AIP at all. And they cited loss of membership on the Townhall. But if they’re so smart and have it figured all out, then why can’t they see loss of membership is directly related to the continued outsourcing of American jobs. Both here internally and externally. They are outsourcing themselves out of an industry. Health insurance is directly related to the American worker. But if they won’t employ the American worker and nobody else will either their membership count is going to continue to decrease. this is why the company is trying so desperately to branch out into other sectors. As well as why all of our bigwigs are on Board of Directors at other well named companies outside of healthcare.
For those young enough and can retrain, here is an article with some ideas. (ignore the IT suggestions - HA!). I worked in supply chain for a little while and really enjoyed it. I was doing my job too well and the manager over me was afraid I might take their job so they tortured me out of that place, otherwise, I would have stayed in that area. https://www.msn.com/en-us/money/careersandeducation/high-paying-jobs-that-no-one-wants-these-industries-are-desperate-for-workers/ss-AA1yAppZ?ocid=hpmsn&cvid=f0a4358403b04540bd81f48875051994&ei=31#interstitial=5
Post from TheLayoff.com
its crazy you mention that on a healthcare site but my college roommate worked in the gaming sector and he's been laid off 3 times in 5 months. He got laid off a week into his last gig. Then they hired him back as a contractor. No where is safe. I'm making extra money on the side to quickly wipe out any debts so if laid off I can survive working at waffle house if it comes down to it.
But we're Making America Great Again
Just wait until all the federal workers get added to the unemployed job market. 2025 is shaping up to be a complete sh-t show.
This is a very different industry, but games are getting hit very very badly right now. Lots of crazy talented game developers looking.
As someone already stated trades are about the only thing that's semi stable right now. Electrician, welder,carpenter etc.
Yep were in some crazy times...I know 2 ppl who were laidoff just this past month one in tech the other an rn for this place. I know a few federal workers whose scared because of all the stuff going on with the government it's truly sad.
mckinsey is doing well, offshoring is a BIG business.
Yes. But when you listen to 5:30 news program we keep getting reports that job market is still good and people’s wages are still beating inflation. Seemed like every company was laying off in 2024 yet job market still stable. Then you read these forums and people say they are having issues with the job market. I think we are all being gaslit.
A skill trade that can not be outsource or automated. Would probably end up in the elements but employed.