Layoffs are still happening. Cash flow situation very poor and this Company has been in the red for over 3 years.
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It's going to happen soon. 10% layoff company wide.
A consulting company coming in to evaluate the company is usually done before a merge or buyout. One of these is the only thing that can save some of the jobs. Many people will probably be let go and many projects will be cancelled. Without one of these options the entire company is gone.
Layoffs should start at the tippy top first cuz that's where the problem is.
They are bringing in a consulting company to help them decide what to sell off, what to mothball, who is redundant, and who is too expensive to keep. I find it odd they would tell the employees this is happening - ahead of it actually happening. There can be only one reason for this:
They are clearly inviting people to leave. The question is - will you accept the invitation?
This is probably to help reduce the chance of a whole product/division getting the axe. If some people go on their own accord, it could save somebody else's a– up the chain.
Your natural reaction might be to try to make yourself appear as valuable as possible, but I doubt there is anything the individual can do at this point. They are talking about BIG cuts. There is much more I could say, but I will respect the format of this site, and stick to layoff news.
I was in an all-hands meeting this afternoon. The senior VP running it said raises and promotions will take effect July 1. He also said a consultant team has been engaged for three months to identify ways to cut costs. He said there would probably be something actionable in two months.
We were told the merit thing was not true, so your mileage may vary on that one. Frankly, and I'm sure this isn't a popular thing to say, I'd prefer them just sc-ap merit raises altogether rather than lay my a– off. I'd rather be employed then get a minuscule raise.
We were told last week that merit raises based on 2019 performance reviews are being postponed until beginning of 3rd quarter. That’s so unfair!
What about the rumors of layoffs end of March 2020?
Considering that Bl@ck's last announcement included a list of people now reporting directly to him, it looks like he's starting to do some damage control. The problem though is him and his past choices for leadership below him.
The recent mail talking about limits being put on stock purchases was revealing. The post here (different thread) about execs dumping their stock is definitely concerning. It's not like the company is going to fold, but one would think it in their best interest to hold on to shares in case the company was acquired.
Interesting how a virus pandemic can infect and potentially k–l weak corporations as well as people.
MDRX stock plummeted and CFO was fired. We will see more layoffs in the coming weeks.
Touchworks was hit as everyone pointed out. These rounds of layoffs are not performance based. The next round (if they haven't happened already) might be a mix of performance and budget.
This is actually extremely bad. Morale is low in three of the offices I've visited
Buckle up . 2 more days to go. 20 ppl from Touch Works and Veradigm were taken out of US and India Offices. This is Day 1 of 3 days.
Not a bogus post. Management staff confirmed but not absolutely sure if groups impacted.
I think it was TW Sustaining
Do you know if this was TW sustaining or 20.0?
Confirmed there were layoffs in Touchworks.
Heard folks from TouchWorks were affected, not surprising since TW is loosing clients rapidly
More fear-mongering with no supporting evidence.
Did it happen OR still happening?
they are happening today and tomorrow, that is the word on the street
Just a heads up.
https://finance.yahoo.com/news/analysts-estimate-allscripts-healthcare-mdrx-173005984.html
yes, lots of dead wheat in their middle and upper management. Lots of people who like to yell and make noise but do nothing at the end of the day. They like to get their kudos off the work other people have done. this company either needs a complete shift in mindset or they need to get out of the business because they have a failing business model.
They need to start layoffs with an entire layer of bad management. Dump the Board for good measure to the pile of wasted talent and CO2 Methane producers. End of the week and the stock is sitting at a decade record low. Can’t blame it on the Corona virus, Obamacare, or Epic. Time to change direction or sell it all off to the competition.
There are always rumours of quarter end layoffs. But thanks for the reminder. Like I really needed that.
which location or product line?