Episource will be merging with optum the end of August. Has anyone heard if there will be any layoffs? They are supposed to send out the transition letters this month and I have heard from previous merges that’s when they made their cuts. They only sent the offer letters to the people they were bringing on and the rest received lay off notices.
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RIFs communication - in previous RIFs they may schedule a last minute call the nite before. Meeting typically lasted 15 minutes to inform everyone on the call of your term date.
In some calls it involved 50-100’s various grade levels. In some cases, your term date is the same date. Don’t be surprised as you have been forewarned.
This org “specialized” in M&I. No strategy leadership skills required. The formula is consistent the last decade if not more.
- Acquisition
- RIFs to show artificial growth = boost shares value.
No need for fit gap analysis on human resource or technology before acquisition.
Data breach? No problems. Pay the ransom or govern$ment bail out. Fines? No problems only $1B last 20 years. A drop in the bucket comparing to $99B profit in just Q2 of 2024.
Bottom line it’s an obvious “Y” with each acquisition to expect RIF- small or large. Guiding principle is depends what kind of profits need to be shown on the balance sheet.
This forum is good for checking for upcoming RIF if the information sharing helps one to plan for the next steps. Recommendation? PlanB will always be your active plan. Good luck!
Oh I'm sorry to hear that. The # of layoffs will depend on what the expected voluntary attrition rate. (How many they expect will just quit) Essentially you can expect at least a 40% head count reduction.
Do you think the layoffs will be across the board or only certain areas?
There will be blood you can count on it. They pick through what they want and the rest goes in the waste bin. Good luck
Oh honey, they’re like pigs. Pigs eat everything. They’ll decimate you bones and all. UHG/Optum will pay billions for a company and ki-l it.