Are we getting out now or riding it out and seeing what happens? Trying to decide if it’s better to jump ship now or wait and see if they clear house if/ when we are sold… maybe can get a severance that way but then will be competing with others looking for jobs at the same time
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@f5 You realize that wouldn't impact Cigna though, right?
@ew I agree with that. CEO’s and all C-Suite Executives of any company whose main revenue stems from government funded tax payer dollars should probably be 1 million at the most. Probably more like $700k per year. And if a nonprofit or not for profit they would not have any stock shares as part of that. Also, they should not have contracts with big parachute landings.
Someone in Congress needs to recognize the absurdity of what is taking place with all of our tax payer dollars and put a stop to it!
@e9 even those nonprofit or not for profits should be regulated. Their executives, employees salary should not exceed the 2-3 times of the medium income of the states
@e5 All of these large for-profit health insurance corporations such as Cigna, Centene, Humana, Elevance, etc. really need to go under or have the government completely remove their contracts for administering Medicare & Medicaid and those contracts need to be granted to non-profit and not-for-profit companies.
Shareholders and large banking firms never should have gotten their greedy fingers into heath insurance, which is intended to be a lifesaving and quality of life industry for our elderly seniors (and also the poor and disabled), which are human-beings, our brothers and sisters, that deserve our love and respect.
So many health insurance providers are doing what Cigna is doing that the job market is saturated with applicants with very few openings. The rock stars have already moved on. 2 options:
- If you are in a division that is going to be sold, hang on and hope that they get sold and you last through the sale. Big risk, but it could pay off.
- Look at other industries that you can carry your skill set over to, apply there. Jump ship if you can.
Obviously stayind at Cigna is not a safe bet. Sink or swim, its your choice.
The HCSC transfers landed in a pretty good place.
I would ride it out if I were you. That being said, find people on LinkedIn or elsewhere and try to network out. Talk to managers, let them know what you do and that you're interested in their work. Worst case, you get let go and someone at least knows who you are. You can always apply and interview. You are in a better position than you think, having been given advanced notice.
I'd love a severance, but with <10 years in and lack of competitive pay raises- along with added on jobs I never agreed to... it will only take a few months to get ahead of the severance somewhere else. In addition to getting a more "stable" job. Once sold, there's no guarantee the severance will not be reduced.
Depends on how much time you have in and how much more you can handle. I had over two decades in. I wanted to jump ship but held out for severance and glad I did. I wasn’t letting them take that away from me.