Thread regarding CareFirst BlueCross BlueShield layoffs

Much like COVID, we continue to search for the light at the end of the tunnel

The parade of new VPs continues at the expense of merit increases and other meaningful benefits. The company expects more (“call to action”) from its employees and pledges HR in “helping employees to be their best”. Fair message except it is delivered among the reality the company has structured the merit pool such that certain segments of the company (even high performers) will not get a merit increase for the work and success the company lauds in the various town halls.

On the surveys, people don’t feel these surveys are truly anonymous and fear retribution if being honest. Couple all of this with continuing uncertainty in job descriptions that are going through a wholesale change with the expectation salaries will be downgraded and now promotions happening only once a year.

Suggestion: be transparent. If a large swath of the workforce is to be cut to reduce admin costs, say that. Don’t say this is being done to give back to the community. That answer is too standard. Especially where people are getting no merit increases but may be top performers, what incentive is there for them to stay and continue to excel and the company to remain competitive? Or is it a deliberate structure to purge? At the end of all this, expectation is a top heavy VP laden organization with a reduction in skilled staff. Carrying the load will be a green staff (marginally compensated) with the balance of work covered by consultants and outsourced resources at a high expense - the consultant group will be the “difference makers” with the minions tasked with executing their plan.

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| 3441 views | | 14 replies (last February 8, 2021) | Reply
Post ID: @OP+199j2NYX

14 replies (most recent on top)

Please say this doesn’t mean that there won’t be the annual incentive check... 😳😳😳😳😳

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Post ID: @awzb+199j2NYX

Is the CF board behind BDP? Is he getting a really big bonus out of all this?

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Post ID: @8hca+199j2NYX

“Reductions” ... I mean “reorgs” will continue until the 20% company-wide staff reductions are met. All the perceived fat being cut out to prep for 1. Acquisition of other things or 2. To be acquired. We already know CareFirst can’t execute and deliver on its goals and objectives in a timely fashion. Again rearranging the deck chairs on the Titanic.

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Post ID: @8wvj+199j2NYX

Lizards in Suits

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Post ID: @7iff+199j2NYX

Glad I decided to leave and not reapply from some of the rumors that I hear. It was a nice place to work for many years and once they let go some of the management years ago it has been going down hill since then. I feel bad for some of the team members and management that are still there.

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Post ID: @6jiv+199j2NYX

BDP is a sh–bag. McKinsey today agreed to pay more than half a billion dollars for its role in pushing o—ids for manufacturers. And that’s just the tip of the iceberg of that company’s horribleness. But CF payed them millions...for nothing.

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Post ID: @6gcr+199j2NYX

Did you know that IT spent $3.5M in 2019-2020 on the Deloitte organization design? It doesn’t seem to be working now does it?

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Post ID: @5oeb+199j2NYX

“Due to enterprise architecture”. It’s funny how 99% of the company has no idea what enterprise architecture is doing, but it keeps being used as the decision driver. We are paying PWC $5M just this year for this nonsense program. Do the math -how many people are being let go to offset this cost? Lots.

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Post ID: @5byw+199j2NYX

The story behind VP from operations being let go was "due to enterprise architecture" Yeah, right. Ya sure it wasn't cause VP had over 30 years and ELT is getting rid of management with too high pay? They'll just get a 30 something ex GDPer to do work at less pay. Nothing like replacing decades of company know-how with a millennial who's social media savvy! Smh

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Post ID: @5agn+199j2NYX

CEO is bringing his buddies in to make to management and they look down on the peons. A VP left go yesterday 'for reorg'. The reorg has been going on since our beloved CEO took his throne. This is not a nice man or company. I am glad I left

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Post ID: @4avf+199j2NYX

Ir is a shame. Used to be a place I was proud to call home.

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Post ID: @1rzl+199j2NYX

Agreed! It was a mess and not inspiring at all. It’s no wonder we can’t get consistent communications or trainings from her group, let alone true thought behind all of the reorgs and OD. I honestly can’t think of one positive I took away from that presentation.

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Post ID: @1mqp+199j2NYX

Exactly!...Job postings are being offered with downgraded salaries, downgraded job bands as ridiculously low ball entry level positions in departments that were not necessarily considered entry level... with double/triple the workload Trust & believe this is a fact. I tell everyone I can to avoid applying at CareFirst. Don't walk...RUN!

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Post ID: @1fls+199j2NYX

Ya, the one younger woman looked out of her element for a company wide briefing. Fumbled through presentation and it wasn’t inspiring. As a recent grad, this is not a good look.

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Post ID: @1swz+199j2NYX

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