Gainwell is exiting so many employees through RIFs, including many knowledgeable employees and employees that have strong relationships on the state accounts. Gainwell is also losing a lot of its knowledgeable and ethical employees. Only the toxic employees seem to be getting retained. It may be good if someone comes in and cleans house. It will be the only way we see some of these toxic leaders disappear. And maybe the acquiring company will bring back the employees who should never have been RIFed. It says a lot when you see people in the corporate functions leaving. Do they know something we don't or are they tired of how this company is improperly managed and has incompetent leaders at the helm? The role used to be somewhat bearable, but the changes in leadership over the past year have me questioning why we work here. Our HR person was amazing and truly cared about the people. I didn't always care for her answers, but she was always fair and explained the "why" and now we might as well not even have an HR person. Our replacement is so stressed out and never seems to have the answers or the support we need. Payroll cannot even seem to get the basic function of paying our employees done right and we are three years in as Gainwell. Maybe company buyout is what is needed.
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I just retired after almost 35 years with this company. My retirement parting gift was 1000 points to a Staples website. 1000 points is enough to buy a small USB storage stick. I’m guessing the value was under $25. Talk about a joke of a company.
RIFs taking away smart people who are good workers makes no sense
Company leadership and HQ could be transitioned offshore altogether, with minimum onshore headcount requirements remaining intact. What US based company would call these contracts a good investment.
When companies get desperate they do crazy things.
Gainwell is almost at the end of their rope. Bankruptcy coming up. Then the sale will finalize.
And nothing is stopping an offshore company from buying them.
I wouldn't put anything past gainwell and their owners.
If offshoring the state-related the jobs was reasonably possible, don’t you think someone would have figured out how to do so by now? I’d find it surprising if Veritas found a way to offshore in a significant way that others have missed over the years. I would think that most states would want to keep their tax dollars and jobs inside their own states.
I would imagine Veritas has a ****load of lawyers figuring out every little loophole on how to offshore every single thing possible, on every state contract Gainwell has. No stone will be left unturned. Project teams will have to learn to work (around the clock) with people on the other side of the planet. Accounts will be impacted also in some way, shape or form by having to coordinate application support with cloud and infrastructure teams located wherever they can put them, cheaply. Those left onshore will be in for the ride of their lives! Buckle up, Gainwell in the USA!
I don’t think many of you are very knowledgeable about how many of these government contracts have on shore requirements
I agree. It can’t get much worse other than the decline could happen faster.
I see one poster saying their account is just motoring along and is oblivious to all the issues. Well that’s great but one account can’t save 14,000 jobs.
If it is an offshore company that is buying Gainwell, keeping 55% of the American workforce is generous. Maybe that’s why it’s such a secret.
Nothing but more trouble on the horizon.
I hate to say this but it's probably beyond fixing. Sale to an Indian company, with onshore skeleton crews in the US retained (where required by the account contract), is the solution I could imagine.
Not many good ones left. The company is a cesspool. More business will be lost. More layoffs. More decline.
The way I see it bankruptcy is a definite. It’s not avoidable. Pride had led them down this path and it’s going to cost them everything.
Exactly what is needed, a buy-out and wakeup call. I have my opinion on how Gainwell got to this sad point, a lot of good folks are indeed leaving. But there are still good people trying to do well, in the wake of hurdles put in their way daily. Lot of toxicity on the accounts and in corporate, quite the disappointment.