Heard from multiple sources that the next wave of layoffs are planned for Sept 28th. Get ready for another bumpy ride.
17 replies (most recent on top)
2nd wave is NOT done if you're in FL or PR
Buy out coming...writings on the wall...Aetna? Humana? United? Who can benefit from whAt we offer and where we are positioned...hopefully those not laid off will transition
September is the end of Q3. It wouldn't be crazy if they reduced costs more before the end of the fiscal quarter. They might want to wait for Q4 and reduce spending more in Q4. Clearly, it would reduce costs for the fiscal year by doing another lay off in either Q3 or Q4. Either way, more lay offs before the end of the fiscal year would make the company reflect higher profitability and will be more attractive for a purchaser. And THIS info isn't going to be shared on American Idol. But whether you watch American Idol or BBC news, you'll either survive the lay off or not.
You are right. It's not by chance the layoffs are coming Every other Thursday...makes payroll alot easier when we are pink slipped the week prior to payday....Thanks for posting
I agree with original posters statement. Some departments were not hit with layoffs at all. Those not yet impacted will be impacted by either layoff or restructure. The company is not done yet.
Is that the date that they will be laying off employees in Puerto Rico and Florida?
Here is an update from a very very reliable source
From July to September 2017 Directors, VP, AVPs and Managers
were cut in half. Molina is very top heavy in AVPs, managers and VPs.
When the molina's ran Molina healthcare us (FTEs) Full time Employees were
safe from being layedoff. Not anymore, Contractors are safe and the FTEs are
on the chopping block.
1000+ people were laid off in the middle of September 2017 and more to come.
1.Midwest Clinics Michigan are in the process of shutting down. Employees doesnt
know it yet but their Temp date is 10-30-2017
1.Midwest Michigan Providers term date 10-30-2017(Physicians)
2.Florida Clinics MMG & MMM is closing and employees term dates is end of October 2017
3.Utah MMM Clinic closing and employees term dates is end of October 2017
4.Mario Molina is in the process of buying California clinics.
More update to come
Yea yea yea pal..all companies continuously monitor manpower. Again quit trying to anonymously scare people. F--- off
@1wvo I went back and re-read the email - he's ambigious about how big the cuts will be. When you read it it sounds like the worst is over, but when you try to better understand it you'll see that he left options open. I think if our profits dip again in the next quarter, they will react again - the reaction will be as big as the dip is.
Today we got a seven million dollar investment by a hedge fund, there will be more money flowing. We are on the hook now to deliver stock price appreciatio to them, since revenue is dropping the only way is to cut cost. Our major cost is labor, and they will go after labor if the numbers do not work out - looking at the pipeline of work as we continue to exit exchanges, you can fairly accurately guess where is all of this leading.
I blocked this weekend, staying home and working on my resume and LinkedIn profile - the writting is on the wall...
There will be more cuts. Many more...
Wave 2 over... all cut done .... enjoy your weekend..,
The repeal of "mandated" Healthcare insurance is the "nail in the coffin" for this country... and, rightfully so...
To the second post before the last one..f--- you and move out of mamas basement.
Maybe the actions deferred due to the storms will happen, but today's email left the impression that the major layoffs are done.
These layoffs are just the first drips that will turn into a waterfall. The medical system is tapped out, broke. That's why costs went thru the roof with Obamacare but that was only a stop gap measure to make it past the election so the collapse falls on Trump's watch, not Obama.
Too bad most of you spend your time watching American idol instead of paying attention to whats going on in your country and world. Well, I guess a pink slip will wake you up.
It's not true.. don't worry.
Trust me it's true
Fake