Thread regarding Anthem Inc. layoffs

Q3 Cuts

Last October is going to be repeated in Q3. Every organization has significant financial targets to hit. How each organization will meet these budget targets will vary: cut the highest salaries, give back/freeze positions, reorg and trim down groups… no one is safe. The varied approaches is what makes it seem haphazard and like there is some deep conspiracy.

(And maybe there is). But instead of speculating, let’s deal with two hard facts: 1. We all have dollar signs over our heads and these dollars hit a bottom line for running a business. This is the ugly underbelly of “it’s just business”. But good people know it isn’t. We spend more time at work than we do with our own family sometimes. We care, know what must be done, and hold ourselves accountable. 2. We get paid to deliver value. Not all of us are sitting on mute in meetings, cruising/avoiding work, and getting by with the minimum waiting for a severance. So what that the leader su-ks and that things are above your pay grade. Work is work.

Whether you are invited to ‘pursue other career opportunities’ or stick with the company. Make the choice to make business more than dollars. Instead of waiting for changes to happen, take proactive steps. Don’t let fear dictate your actions. Instead, engage and strive to create value wherever you are. You can navigate these challenges and emerge stronger. Our value isn’t in a role, title, or salary. Change ain’t easy. But remaining in a mess and blaming others ain’t going to get us where we want to go.

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| 5201 views | | 25 replies (last June 17, 2024) | Reply
Post ID: @OP+1sMx7Qau

25 replies (most recent on top)

For lower level people manager, you may not be involved in the decision making directly, but you are involved. As PM, I was invited to evaluate all my employees against some specific criteria. Then, I went into a conversation with other people managers who had employees at the same title and we talked about how/why we rated them. For those that rated lower, the boss asked what would hurt if they were no longer with the company. So, no one came to me about RIFs, but I probably gave them feedback to help make those decisions.

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Post ID: @imhk+1sMx7Qau

@7jgj+1sMx7Qau

To add to Riffy, I also have it on reasonable authority that some departments will see upwards of 20%. 12% is more of a minimum.

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Post ID: @cyhg+1sMx7Qau

@7cic+1sMx7Qau

If only it worked like that. Severance is "supplemental pay" after unemployment, and if you work at all, severance stops. You have to report weekly.

Basically, between "severance" and unemployment, you'll earn your usual paycheck until such time you get a job. No more, no less. And according to people here, even gig work impacts said severance.

I wouldn't bother waiting around for it unless you want to take your chances on not finding a job once the clock runs out.

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Post ID: @crqm+1sMx7Qau

@7cic+1sMx7Qau

Just curious -- is this just being ironic or an actual plan? I love the idea of holding out for a severance package but am terrified by the 'what comes next' so I will leave as soon as I line up my next gig.

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Post ID: @7qol+1sMx7Qau

Will Rx be impacted as well???

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Post ID: @7kxp+1sMx7Qau

Thanks for the info on August. I was going to jump ship this month, but I will wait to get RIFed in August, and get a pocket full of money.

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Post ID: @7cic+1sMx7Qau

To @5naa+1sMx7Qau - The 12% came from our staff VP and is widely known (resource managers in other groups have referenced it). If you do not know about it, I would be worried. Perhaps someone above you is making the decision or your team is not impacted (unlikely).

I will add, that once we submitted names for the August RIF, they came back and said "give us 1 more." This is going to be bloody.

This place is a total dumpster fire - I am in Carelon and nobody should think they are better off here.

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Post ID: @7jgj+1sMx7Qau

Dumpster Fire. Pharma is a full on joke.

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Post ID: @7ogp+1sMx7Qau

It’s the company’s internal version of ChatGPT. OP’s humor. Nothing to discuss

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Post ID: @6ghx+1sMx7Qau

the post came from “sparkaigeneratedcontent”

let’s discuss

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Post ID: @6hqg+1sMx7Qau

@5iix+1sMx7Qau Carelon is a MAJOR dumpster fire. And endless rifs here too.

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Post ID: @6gql+1sMx7Qau

It is structural. All the outsourcing, replacing workers with cheaper and younger alternatives, and layoffs. Following the history of England, Netherlands, and the Western Roman Empire. We are in a decline.

More than 60 percent of middle class say they’re ‘struggling financially’: Poll

https://thehill.com/business/4702897-more-than-60-percent-of-middle-class-say-theyre-struggling-financially-poll/

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Post ID: @5lul+1sMx7Qau

I think most people are actively looking to get out of this company. It is a very competitive job market for nurses right now so it’s difficult. The hiring freeze and no OT right now in the GBD area are of major concern. The company is losing money so there’s no doubt in my mind that RIF’s are coming. I mean they are also planning to transfer many departments to Carelon. Maybe Carelon has better managers, who knows. This company is so unorganized & makes rash decisions without thinking of the repercussions. It’s very sad. Many people are miserable here.

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Post ID: @5iix+1sMx7Qau

@Riffy, where did you hear this 12% figure from? I’m a manager and haven’t been made privy to this information. Maybe it’ll boost the share price and time to take some profit before corporate productivity starts to show the effects of cutting too deep.

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Post ID: @5naa+1sMx7Qau

There is a 12% company wide reduction coming. This is cost, not 12% of employees. The notifications will be done in August with FTE's departing in September.

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Post ID: @4aqk+1sMx7Qau

@qvz+1sMx7Qau This the approach I’ve used for years here. I just keep my head down and work, if you focus on all the cuts and potential RIFs you’d be in constant anxiety. However, I do update my resume yearly and I do have passive job search alerts that I get. This lets me keep my finger on things and the job market.

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Post ID: @4icg+1sMx7Qau

Commercial health underwriting now has “arrow” ::: are they next?

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Post ID: @4zlt+1sMx7Qau

This site used to lead to anxiety and make me worry too much. Been worrying since September. I stopped paying attention in February. I'm just going to work until they tell me I can't work anymore. I'll take my severance and move on. It eventually became clear that I shouldn't worry about things I can't control. Performance doesn't matter anyway. You're just a number.

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Post ID: @qvz+1sMx7Qau

Any department that does not have budget to cut elsewhere

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Post ID: @fju+1sMx7Qau

Do you know which departments are RIF for q3?

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Post ID: @ido+1sMx7Qau

Lets reword that. Do what it takes to make and keep yourself marketable and healthy. Nothing more. Nothing less. Value to the company should remain a secondary benefit of taking care of yourself and your family. Anyway, in this culture someone else will take credit for your value or point the finger if it goes sideways so the greatest value you can achieve is your resume.

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Post ID: @wxx+1sMx7Qau

The company has already proven that it cannot be trusted. Why should you commit any more of yourself than is minimally necessary if you're only going to get RIF'd regardless? You shouldn't, that's why. Anyone who is NOT already looking for another job is a damn fool. Protect yourself, as does the company.

Loyalty is irrelevant. Trust is irrelevant (and misplaced). Aspirations are irrelevant. Resistance is futile. You will be assimilated...into the unemployment line...unless you take action before the company does. Act first and you win. Act last, or react, and you will lose - 100%.

Best wishes to all.

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Post ID: @twd+1sMx7Qau

I can confirm the cuts are planned. Read the above post as the unofficial communication by the company.

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Post ID: @vjn+1sMx7Qau

Our value is in outsourcing American jobs.

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Post ID: @yvk+1sMx7Qau

lol please share the prompt you used to create this in Spark

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Post ID: @hkr+1sMx7Qau

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