Thread regarding Cigna layoffs

are there any rumblings about more lay offs before february?

When was the last time we filled out those employee surveys? They know they would get roasted.

You can clearly see that this site is monitored by Cigna and seeing what is being said and then relayed back to leadership. I mean, why are people down-voting items that are trying to be positive for those impacted?
I am sure karma will eventually get even with that negative type of thinking. In the meantime, all affected, hang in there and good things will happen in time. For those that survived the cuts, best wishes and just be aware going forward.

Our VP told us in mid August that the rumors of layoffs were just that - rumors. He scheduled an urgent, mandatory call two weeks later announcing he was leaving the company (he was w/Cigna for 20+ yrs) for a new opportunity w/a startup. Math ain’t mathing people, I feel he was let go & was allowed to say what he wanted to save his own face. This company is a joke-I don’t feel secure

Pretty positive the whole RTO thing was just a way to increase attrition without paying severance. Next to nobody on any of the teams I work with are in the same location so it makes no sense to make us return at all. Almost everyone I know was remote before COVID and hired specifically as remote as well.

The only thing certain is that Cigna will try to make things uncomfortable so we quit. D-mb AF since the people most likely to go the fastest are top performers that can easily get more money elsewhere.

There are supposed to be some new updates going out this month about RTO/FOW. For employees who are interim return to offie March, Cigna will have some new updates for these employees. It seems counterintuitive to be pushing for everyone to return to office if they are also preparing to close offices? Perhaps they will use some corporate jargon spinning the narrative.

so office site closures but still got RTO?

has anyone heard anything between now and the 2/29 key date?

Someone posted a while back ago in one thread, that Q4 would have office site closures. Falls in line with an enterprise announcement that mentioned something about future real estate plans

has anyone heard anything between now and the 2/29 key date?

To this person When the incentive for executives is artificially maximizing the short-term stock price, instead of long term growth and viability, this is what happens. I have sadly lost faith in the future of the company. It is cutting people and expenses to keep Wall Street happy while continuing to not invest in differentiating capabilities- or even just the bare minimum to fix the broken foundation. That isn’t a recipe for success.

I agree so much with what you said. He’s sacrificed long term growth for short term profits and the member loss next year shows us paying the price.

When the incentive for executives is artificially maximizing the short-term stock price, instead of long term growth and viability, this is what happens. I have sadly lost faith in the future of the company. It is cutting people and expenses to keep Wall Street happy while continuing to not invest in differentiating capabilities- or even just the bare minimum to fix the broken foundation. That isn’t a recipe for success.

Layoffs are happening because revenue is forecasted to be flat in '24 (excluding Centene), while expenses are forecasted to grow significantly

Layoffs should happen after the holidays to let everyone be at peace while enjoying the time with their families. It’s very sad seeing the layoffs occurring so close to Thanksgiving. Everyone have your resumes ready but don’t leave and wait to see what happens. The severance package should help somewhat.

Why do I keep getting emails about great Quarter 3 earnings, specifically highlighting my area's contribution. Were the earnings from laying people off? We were told these people were laid off due to our lack of earnings. Once again things aren't adding up, and we are not stupid enough to buy it all anymore.

Considering the stock price has tanked, there will definitely be more layoffs. This will also fuel them to not give bonuses out or if so, very reduced as from the past and hope to push some out before the next round.
Of course, the execs will get theirs but for most, I am guessing no or a big drop. I am glad all survived yesterday and if you were one of the ones impacted, I am so sorry but know that you will be good in the long run.

Much like return to work I think the plan is to raise/encourage attrition. Create a lot of uncertainty around layoffs and If you find another job and quit there is no severance package to pay. Problem with this is that it will ki-l morale and productivity.

After the 10/12 layoffs, someone on our team asked our manager during a meeting about future layoffs, and to her credit, she was honest and said there would be future job eliminations. Although she wasn't specific. I'm grateful for this site and the info I've been able to gain from it.

2/29 is the next key date. Although there may be some additional actions before then. It’s going to be a tough time for the next year at least.

I have been outright lied to… twice now. I would rather them say, “ I can’t speak to that” implying layoffs are coming, as opposed to the lie that our group is safe and then a few days later more people are let go.

I think the worst part is the gaslighting. When the layoffs happened last month, my boss said there wouldn't be any more and that any additional layoffs are "just rumors." If they didn't know if there'd be more, why not just say that? And if they knew about the layoffs, then they outright lied to their team.

Execs think all of their workers are mindless drones. They really don’t understand the toll that constant layoffs take on us.

Anything for that extra bonus.