Quote from AI search:
Mergers and acquisitions (M&A) can lead to job losses, especially for employees of the target company. This is often due to redundant operations and efforts to increase efficiency. According to Harvard Business Review, around 30% of employees may be considered redundant after an M&A in the same industry. The most vulnerable jobs are usually those of the target company's CEO, CFO, senior executives, and managers. Redundant functions like hr/finance, almost immediately or within the first year. Then expect another round of layoffs after whatever integration work is needed completes. However, these employees are often offered severance packages and let go. The initial wave of layoffs usually happens within 3–6 months after the M&A. Some employees may also need to re-interview for their jobs to remain employed.
This explains why so many Medicare leaders are leaving