Thread regarding Cigna layoffs

It looks like Cordani has been CEO of Cigna since 2008 and most of the time since then people were happy with Cigna. What changed? Is this about him being chairman of the board as of January 2022?

AngryShareholder -

You act like most of us on this forum really mean anything to anyone at Cigna. It’s obvious that even some Band 5 employees who have commented mean nothing, but I would wager this forum is mostly compromised heavily or Band 3s, with Band 4s mixed in.

If our communication or opinions mattered to Cigna, do you think this is the state of where we would be? Upper management is very out of touch.

This is how we feed our kids, not a stock market hobby (although many of us own Cigna stock), so we care! But we can’t force upper management to.

You sound like you work for Cigna. Please convey to your leadership that the shareholders want Cordani fired over the fraud, not reassigned, and the DoJ will be petitioned accordingly. Compared to Cigna's competitors, the stock is in the cr-pper, and it's because of the broad incompetence under Cordani's leadership.

To negotiate the terms of the CIA DoJ waiver and show good faith as an organization, Cigna could agree to certain terms like reassignment of current CEO to a new position (at least temporarily) and have certain Auditing results reported to Ethics. A new CEO would be named and would include or copy the Ethics Officer on certain duties. This would help the morale & culture, would close the deal, & could move us forward to a brighter future.

Seems like Cigna is in big trouble if no waiver. I wonder when we will hear something.

If, after the Effective Date, Cigna proposes to (a) sell any or all of its business, business
units, or locations that offer Federal Health Care Program Plans (whether through a sale of assets, sale of stock, or other type of transaction); or (b) purchase or establish a new business, business unit, or location that offers Federal Health Care Program Plans, the CIA shall be binding on the purchaser of any business, business unit, or location and any new business, business unit, or location (and all Covered Persons at each new business, business unit, or location) shall be subject to the requirements of this CIA, unless otherwise determined and agreed to in writing by OIG. Cigna shall notify OIG, in writing, of such sale or purchase within 30 days following the closing of the transaction and shall notify OIG, in writing, within 30 days of establishing such new business, business unit, or location.

It’s pending a waiver from the DoJ over the fraud / law breaking problems. The whole Cigna business is screwed if they don’t get the waiver.

What are the odds of them getting this waiver and can you elaborate on how screwed they will be if they don’t get it? Will it’s just be a matter of continuing with the Medicare business for 2024 and dealing with some loss in revenue?

It’s pending a waiver from the DoJ over the fraud / law breaking problems. The whole Cigna business is screwed if they don’t get the waiver.

Anyone have inside scoop regarding any announcements of an MA purchase? C'mon its anonymous! Would be nice if Cigna employees knew before the world.

HCSC is only in 5 states right now so this would definitely be a huge expansion for them to go from 5 to 20 some states.

HCSC employees are not remote. The pushed RTO early and hard

HCSC is a non for profit owned by the members. Everything has to be accounted for and hitting metrics for further funding and business development matter. If leadership comes with, it's going to be a wake up call. The environment is completely different. It's a shame leadership ran Cigna MA to the ground, I don't think HCSC will let them do the same.

This would be bad for Cigna Medicare staff who are WFH near HCSC office or near a mostly Cigna Medicare office (Nashville). I imagine they would transfer Medicare physical offices to HCSC and make any Medicare staff near an office go in.

However it might be good news for Medicare WFH staff who don't live near a HCSC office. Many Medicare staff that are interim work from home, but office aligned to a Cigna/Express Scripts location. These staff might continue to work from home. Reading comments on glassdoor and here on thelayoff seems like many employees are still remote for HCSC. HCSC also has a better glassdoor score than Cigna.

I believe layoffs are still planned for early this year.

How long before lay-offs, though? Years?

Not necessarily a good deal for us MA folks who are WAH. Seems like they are mostly office based.

Would be a good deal for the Cigna MA folks who get to remain on staff.

I hope they announce it soon because I’m so tired of this roller coaster ride we’ve all been on at Cigna.