I heard there is a hiring freeze and the company is not doing well financially. But I also heard there is a very large cash reserve so it doesn’t really matter about the operating losses. I’m nervous about layoffs with this news, especially with the acquisition.
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You all are to negative. Think positive and stay off this cr-p.
Well, the government business was hundreds of millions in the hole before Cigna got here. If we don’t nail the bids and improve STARs across the board it was been a very bad 2026. I am still hopeful in the new combined talent of the team - hcsc just needs to get out of its own way.
If HCSC is making money based on investments, but losing money elsewhere...that is a very bad look...they are not the Federal Government and ASO clients are not tax payers. So, if HCSC is able to make money for their organization, but that is on the back of their clients who are impacted with the losses...that is very wrong.
To the commenter about the survey, it isn’t forced on you. You don’t have to take it. Skip it.
I bet there will be some layoffs because of the redundancies the Cigna folks brought over. But I doubt we will know what the master plan in. I’ve heard most of the Cigna execs that came over left already, but not sure if fired or left on their own.
They spent all that money for a new logo the other year that’s supposed to give the warm fuzzies. Look at the logo, relax, don’t worry. Just be a mindless worker bot.
The hiring freeze appears to be lifting after the merger, with job postings increasing 300% in the last week (compared to the past two months).
There is a large cash reserve, and HCSC made a large profit in 2024 because its investment returns were more than double its underwriting losses. But management still uses those underwriting losses as an excuse for cutting budgets. My guess is senior executives want to protect their millions in bonuses.
In an average acquisition, a third of the acquired employees quit in the first 12 months. Management is probably counting on that. Especially with the large number of remote employees that appeared to have come over in the merger, considering how strongly HCSC management is trying to force a hybrid working arrangement.
Already shortage of employees in many divisions they cannot outsource govt related projects due to regulation. Even contractors charge more than FTE lol
And that employee forced survey that says we all love it here so they can parade to the board will not change this fact.
They are still hiring new ca
Continued increases in unrealistic expectations make it appear they are hoping most will quit