Have heard from several credible sources that 10/12 there will be significant restructuring with the team. At this point, am aware that several leaders will be impacted. However, am unsure to what extent the cuts will go. Expect it to be big.
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Laid off this am. Good luck to everyone!
We were told there were 1000 layoffs for this time around. Out of a total of 70,000 employees.
Very true, over half of my team was let go today
This is real. Across all organizations. Our boss is telling us now about the layoffs.
1 member in the IT team near me got laid off this morning. Was told by my manager that our team is safe. Seems to be minimal on the pharmacy side of Evernorth so far.
My colleague was laid off at 11:30 this morning.
Anyone knows the extent of percentage layoffs they’re expecting for today and in November?
So sorry to all of those who lost their jobs today! I spent my entire career there and was let go this summer and the job market is horrible. Hoping everything works out and we all can find jobs.....
Sorry to hear about this. Can you share the department/position?
I am still waiting to hear from my dept in evernorth
Just got laid off today
Post from TheLayoff.com
Yes the contractors take time off at end of year and saves the company the billable hours. I release mine at Thanksgiving and return January. Most IT changes are blocked end of year so nothing happens. We save about $20k each one.
Today is the day. Already had someone close to me get notice. This rumor is real.
It’s started. I know if 4. All under CIP.
Everyone who gets laid off tomorrow, please post!
There are two dates - one is 10/12 and the other is in November. They are 100% happening.
definitely think this is happening, I am a contractor and manager just talked about wanting people to take vacation December and come back January. Not sure if that makes sense. maybe it's budget related..
My team was very horrible to me giving me mixed and incomplete direction and isolating me. They’re a-lot different now, people help me and I have more work. My thought is my leadership tired to bundle me into being laid off but it didn’t work so they haft to back track. There’s people who make a lot more than me doing the same job so why get rid of me who makes less and can do just as good a job. The whole vibe is different and it’s hard to be optimistic around people who don’t/didn’t want you around but it’s not a bad job over all. Maybe I’ll get laid off but I can make the same money a-lot of places. Wish you all the best keep doin the best you can and you’ll get through it.
To the poster saying “leaders got the approved lists”… what level? Is it at the Sr Director level? My director “claims” she hasn’t heard anything, but I know that is the canned response. I’m getting slammed with work, so probably not me….or they will just pass it along to someone else. My job is sorta middleman type work.
To the poster asking about the lists. I heard the same thing. Leaders force ranked their teams and received approved lists, getting trained on how to kindly and professionally ruin people’s lives this week.
Has there been any further news for the big day? Rumor has it leaders have the lists and they are receiving training right now regarding the layoffs?
Stumbles upon this site! Interesting...I work for Cigna outside the US office (Int'l Markets)...and our region seems to be doing ok...for example there is no enforced RTO and the financials are not bad...BUT I have observed business has slowed down tremendously. Over the summer me and the team were not busy at all...
It’s 172M
I do not suspect RTO targeted individuals on the layoff list. If you examine RTO wave 1, the granularity is at the team, department and site level, not an individual level.
172k hardly dents the companies bank roll, plus I'm not surprised hearing them use algorithms to deny claims, anything to keep big profits rolling in
Lawsuits provide additional context around Cigna's financial woes.
The Cigna Group, headquartered in Connecticut, has agreed to pay $172,294,350 to resolve allegations that it violated the False Claims Act by submitting and failing to withdraw inaccurate and untruthful diagnosis codes for its Medicare Advantage Plan enrollees in order to increase its payments from Medicare.
https://www.justice.gov/opa/pr/cigna-group-pay-172-million-resolve-false-claims-act-allegations
MONEYWATCH
Cigna accused of using an algorithm to reject patients' health insurance claims
moneywatch
BY AIMEE PICCHI
JULY 26, 2023 / 12:17 PM / MONEYWATCH
Cigna is using an algorithm to review — and often reject — hundreds of thousands of patient health insurance claims, a new lawsuit claims, with doctors rubber-stamping those denials without individually reviewing each case.
The class-action suit, filed in the U.S. District Court in Sacramento, alleges that Cigna's actions violate California state law, which requires that insurers conduct a "thorough, fair and objective" investigation into each patient claim. Instead, the lawsuit alleges, Cigna is relying on an algorithm, called PxDx, that saves the insurer money by denying claims. The system also reduces the company's labor costs by cutting the time needed by doctors to look at each claim, according to the complaint.
https://www.cbsnews.com/news/cigna-algorithm-patient-claims-lawsuit/
It is interesting watching the site visits that are posted each week where they have nice break rooms, coffee, activity areas. For our office you have to bring your own kcups for coffee and zero hope of bringing in a cafe to occupy the cafeteria that is onsite. Those that are complying to the RTO clearly value our jobs more than the company values the employees.
No warning is needed. They can do whatever they want. We will have zero notice and will just be told we are being laid off. It’s sickening. Now that the word is out, the CEO should do the right thing and be honest and tell the company what is truly going on. Stop being so private about it. Oh but I forgot the hire ups only care about productivity and not the well being of people.
I don’t know why everyone thinks the WARN act is some saving grace. Organizations get around it by severance payments for 60 day periods (which is the notice period for WARN).
Not that it’s a saving grace but people are looking for a legit heads up at least. From what I’ve heard they’re only giving 2 week pay per year of service. So unless they’re just getting rid of lifers they’re probably violating warn
I don’t know why everyone thinks the WARN act is some saving grace. Organizations get around it by severance payments for 60 day periods (which is the notice period for WARN).
Also, this is all real. Oct 12 is one of the date. Leadership is having calls about it now (i’m a b5 leader and not in a call so yah that’s why I am on this page).
Since May there have been ~6K employee's (FTE’s + Contractors) that have left. This is net of new employees.
That roughly seems like almost 10% already. I assume total employees is around the 70k range?
Since May there have been ~6K employee's (FTE’s + Contractors) that have left. This is net of new employees.
I think a wait and see approach is best, instead of casting stones at someone trying to help others. Companies can get around “mass layoffs” by slow rolling the numbers and at the end it can still be a mass amount. Also, something is 100% going on. There are lists, there has been communication to leadership of 10% cuts. Is that people, products, services? Who knows. Try a little kindness and compassion instead of casting stones. If you don’t believe or don’t like what you see, it’s simple to just not look at the site again.
Cheers!
Never once in the Medicare Town Hall did they say there would be no mass layoffs. The word Layoffs was never even mentioned.
With that being said it would have been comforting if they mentioned the rumors and put it to bed.
The OP is BS'ing big time and doing fear-mongering. In many town halls today, Directors explicitly clarified that there would be NO "mass layoffs". The Directors categorically mentioned that there have been rumours, but no such plans are underway. OP is hopeless !!
It’s still 10%, the lists are done at this point and managers were sent trainings and/or notifications who have to deliver the messages.
Also can confirm the February comment- there was already and ask to “get your list ready” for February.
they've been laying people off this whole year, how are they doing this many rounds of lay offs. Such a poor way to have lay offs. They can expect low morale from all employees now.
It’s still 10%, the lists are done at this point and managers were sent trainings and/or notifications who have to deliver the messages.
Also can confirm the February comment- there was already and ask to “get your list ready” for February.
A lot of conflicting information. I guess the only thing we can do is wait to see what happens on 10/12.
OP can you explain "It will likely include other areas as well, but since there is a focus on 1/1, several areas will be excluded. There will be another round in February which I would imagine would target those areas excluded due to 1/1 focus." more? what do you mean by 1/1
This date was chosen because it is the last day they could feasibly do job actions without running into the holidays.
So you are saying a later date in November is now feasible?