Any time a company thinks their strategy is to CUT their way to EBITDA growth and that's the only lever they are pulling, its bad leadership - in this case relying on McKinsey (what a joke). Sad for these employees.
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This is really no surprise. Gainwell has had poor leadership from the very beginning three years ago.
It has been in constant turmoil from the beginning. Constant restructuring. Constant layoffs. Not able to deliver on contracts. Or delivering extremely poor results.
No one working at Gainwell should be surprised.
There's a large group of management between the C suite and the working folks who have spent the last few years in Gainwell trying to convince Veritas they know everything about Medicaid. While empires were being built, business was being lost, projects delivered poorly, or not at all. Those geniuses are a big part of the problem. Some of them are truly toxic, some are just order takers. Very few leaders in the bunch. No wonder Gainwell is in the shape it's in. It's sad.