The nubers don't lie. 9 out of 10 employees laid off in November of 2023 are over 50. Is this legal?
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I was laid off in October and the two IT folks in our department were both over 60. Nobody else.
It's all about the budget. Leadership is looking for ways to lessen the red in the budgets. Typically they thin upper management because that's where the high earners are. It could take 3-4 low level employees salaries to equal one VP. Hence, why you see a lot of upper management being let go. Upper management includes people with years of experience and would very likely be aged over 50. Now, they also are starting to let go technical workers, but to me this is just stupid. You can't let go a large number of the people who actually do the work, that lessens output. We are seeing it and it already isn't working too well. Good luck everyone.
I am concerned with the amount of institutional knowledge that has been lost through layoffs and retirements over the past 2 years.
yeah someone else in a previous thread said this.. "11/9 is confirmed as the next day, then it starts back up on 2/29 and every two weeks thereafter through May. No idea of the size"
Are you saying the layoffs will be staggered before 2/29/24 as the cutoff date or they will begin 2/29/24 and continue for a while longer?
If I recall correctly, someone claimed 2/29 would be next and it would be rolling biweekly layoffs.
On another note, the rumors around the 2/29/24 layoffs are Cigna is looking to shed 6K jobs total. The last 2 layoffs were over 2K. However, the company has to make notifications if they layoff a specific number, to the states impacted. That said, they will spread out the layoff to come in under the overall notification amount and simply complete the layoffs at the next scheduled date.
Are you saying the layoffs will be staggered before 2/29/24 as the cutoff date or they will begin 2/29/24 and continue for a while longer?
Cigna includes a “demographic” sheet in with the layoff package. The sheet, and it’s is a bunch of sheet, shows the ages of the people who are let go in a large layoff. However, like anything a large company does, it’s worth discussing with an attorney. Why? I’ve worked at enough companies to know they skew the layoff numbers and bet on the laid off not suing. They have enough money to settle out of court. Any contract employee (usually VP and above) will get their bonus for the next year, even if they are let go the previous January (example) as long as it’s in their contract. This is the primary reason they stay away from these types of layoffs.
On another note, the rumors around the 2/29/24 layoffs are Cigna is looking to shed 6K jobs total. The last 2 layoffs were over 2K. However, the company has to make notifications if they layoff a specific number, to the states impacted. That said, they will spread out the layoff to come in under the overall notification amount and simply complete the layoffs at the next scheduled date. This happens in every industry, except, from my experience, the insurance (oops excuse me Health Services who happen to make money off of the risk it takes to insure their customers) are a bit more underhanded and there is zero allegence to each other, at every level.
how did you get these statistics?
Which departments in Evernorth Care Group are impacted? I know radiology is changing - what else?
In my experience working at different companies, the ones that have been there the longest, who tend to be older, are usually the ones who are lazy and don't care anymore and just do enough to get by and a paycheck. Experienced or not.
So does that mean I am likely safe in February since I am 50? Just kidding. But you are right! It was a lot over over 50s, come to think of it.
Now that you mention it, yeah, every person I knew who were laid off were older and experienced. That's what was so shocking as these individuals who were let go, they were all well experienced. For individuals who were laid off, it might be worth connecting with one another and speaking to attorneys about this.
fire the expensive ones and hire cheaper labor. Might be good short term but when they fire the competent / people with expertise, long term will suffer.
No there is age discrimination at Cigna and many companies do this.
They always target those who have been with the company the longest and make the most. It’d be very hard to say they discriminate against age. I’m sure Cigna carefully chose who would be impacted in order to avoid such lawsuits.