Thread regarding Cigna layoffs

There is no manually curated VRP list. The list is made of all employees 55+ with 5+ years of service. There is no correlation to people declining VRP and subsequent JE's.

@eh my husband took the vrp during the first round (express scripts side). The cobra is covering both of us and well subsidized as we are not paying more than what our premiums were prior to leaving. Loved his job but it was too good to pass up ( pay and bonus)

@pc Severance is 2 weeks per year of service if you are laid off. Some VRP offers are a little less than that if you count 2026 time worked. Some are more.

If you have concerns that should make your decision for you. Or you can take your chances and wait. Your severance might be different (subsidized COBRA, payout)

@df taking VRP could block you from collecting unemployment if you don't find a job before your package runs out. That's pretty scary when the job market is the worst it has been since COVID with no end in sight. And the COBRA offered with VRP appears to only cover the employee portion, not the entire family. The VRP package is really only a good deal for someone who was already planning to retire.

@OP They must have analyzed the response times from the first go round and found that most must have responded in 10 days or less. It took me 3 days to answer last year.

If you were offered VRP but aren’t yet ready to retire - and you feel that you’re in good standing with mgt and an important contributor on your team - you should turn it down.

Unless Cigna pulls the severance rug out from under us, VRP isn’t much different than normal severance. COBRA is the only difference, and it’s too expensive anyway.

Keep in mind that you can get COBRA retroactively for up to 90 days. So if you find another job in 3 months, you’re good to go.

Accepting the VRP does not mean you have to retire from working, you are just "retiring" from this company. IMO, those eligible for VRP at least have the choice to make, where those let go with severance, do not.

This is opinion, I do not believe the 5,000 people offered VRP are now walking around with targets on their back, that would actually be illegal to maintain a list of people over 55 that are bound to be let go, vs offered VRP that is legal.

I have a few co-workers who rejected the last package, they are still here, and while no one can really know what the future holds, their positions seem quite stable for now.