Thread regarding Cigna layoffs

This aged well. You were right!

Last minute department meetings added for evernorth (medical). Told to clear schedules and that attendance is required. Anyone know who’s on the chopping block next?

"Has anyone considered that medical is being sold?"

Let me guess....Humana? Medical is not being sold off.
If anything stockbuy back, reorg/layoffs, increase india, cordani retires by 2027 with stocks at record high

Has anyone considered that medical is being sold? Not Evernorth, they are spending money like water trying to become optimum like TPA they are being invested IN. The division of the enterprise into 3 arms, the dissolution (not replacing) of high level positions, the stock buy backs and supposed poor performance… who says they’re not divesting of USM just like MA?

I heard yesterday that this was planned about a year ago and to expect more executive leadership changes

Was Eric Palmer ‘let go’? Is this part of the exit plan? It’s quite peculiar.

So you think cordani is being pushed out because of poor performance last year?

That guy can't leave soon enough for my liking. How about we re-examine the ridiculous compensation that the ELT receives. Bringing those numbers down alone would go a long way towards recouping the 'losses' or 'gaps' we're being told exist. Quit nickel and dime-ing the worker's measly bonuses while this ELT counts their multi-millions.

Cigna's reputation is the pits, and with good reason. No doctors or providers want to deal with Cigna anymore. Fix what's broken. Be a better partner. Be a better employer.

Quit rewarding the same mega-wealthy C-suite and trickle down something other than suffering and b.s. for a change! Monthly stealth lay offs to skirt the WARN act have been happening for over a year. Free up some of that C-suite cash instead. When will the SLT have ENOUGH. Their greed and apathy towards your employees is disgusting.

Clean house at the top.

“Nicole is also the chief administrative Officer (CAO). It is customary for HR and marketing (and other enterprise-wide functions) to be under the CAO.”

That may be her title but, beyond Legal, it seems like Nicole has just become a place to park stuff that Cordani doesn’t care about and doesn’t think should be at the ELT level (like Marketing and HR). Or functions that he doesn’t trust and wants his right hand person to keep an eye on.

If it were a true CAO role Nicole would have other administrative functions like finance, strategic planning, service ops and IT. Not a knock against her.

I disagree about Marketing generally falling under CAO. HR yes, but not so much marketing.

Nicole is also the chief administrative Officer (CAO). It is customary for HR and marketing (and other enterprise-wide functions) to be under the CAO.

Marketing under legal makes sense. HR does not unless the only goal of HR is to not break laws. Sad

This all doesn’t sound good. I was part of the layoffs last year on the medical side, and I came back to Cigna on the ESI side (evernorth), and now this is happening. I can already see where it’s heading. I would suggest to update your resumes and start networking. They need to save money for themselves and the only way to do that is lay tons of people off and give the work to offshore. Good luck to everyone.

Ha- I know. What kind of company puts HR and now Marketing under their head lawyer? It tells you Cigna’s view of HR. It’s just a function to make sure the company does the absolute legal minimum with employees, not what is actually right for them.

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“How many more departments are going to move under legal? This is weird.”

Explains some of the stock sales by this group.

How many more departments are going to move under legal? This is weird.

Good call out, talent mobility is an interesting focus, considering the push to an "immobile" work force via RTO. So yes, I do believe talent mobility is just corporate speak for offshore.

Does "talent mobility" mean move everything offshore?

Details on Eric's exit will slip out overtime, but when a company is healthy and growing you need more good leaders not less. Eric is not being replaced, rather his responsibilities merged into other's roles -- this is a good bell weather indication that Q4 results were not an anomaly, plus there are broader challenges and pressure across the industry. WIshing Eric well as he was a decent person.

I was sort of hoping Eric just decided to cash out all those options and live free, I can respect that. But the tone of the announcement was a bit cold, implying he was more likely forced out.

My guess is either selling or shutting down Evernorth. No need for a president of Evernorth if there are plans to get rid of this sector.

That’s how I’m reading it too. What happened to Eric Palmer though? I thought he would have had an edge over Evanko as Cordani’s successor. Palmer has been a Cordani loyalist for many years. Surprised that he got pushed out so abruptly. Especially when Evernorth results are better than Cigna Healthcare (under Evanko).