Just received word to review candidates for rifs. They are coming again.
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Gail and L Riggin must go! They are bringing this company to its knees!
Gail is awful. You can see that her bonus and bottom line are all that matter.
I was with Anthem 23 years, I was part of the October RIF. After being notified that my position was being replaced to those so called “Experts” they also expected me to spend my final days working evenings & weekends to clean up the mess the “Experts” has made. I kindly declined. The leaders in this company have absolutely no clue what is going on, management stayed in hiding. The impact of Anthems actions are coming to light slowly but they are. Mistakes are endless and they continue to brush it under the rug, replacing the knowledgeable people with the “Experts” that are lucky to receive three weeks of training. If you are informed that your position is being eliminated be sure to print off any information regarding pay, PTO, etc. because once you finish your last day you have NO access to anything! They treat you as if you have done something wrong, I have had to call the HR line on several occasions and have been given the wrong information each time. Continue to follow up if you have any vested cash balance I was told incorrect information that was conflicting with my RIF paperwork. And if you are impacted in the fourth quarter according to my paperwork you are entitled to the AIP in March of 2020.
Anthem is doing rolling RIFs it seems and becoming a bit less predicable on the timing. A little at a time and at a rate that prevents a news story. Nothing new with a "more RIFs coming" headline anymore.
Investors "know Anthem is not in trouble"? Wow, Not sure what area you are in but in IT we can barely keep the systems up and running normally these days. Constantly putting out fires for what are often just stupid mistakes. The kind that were never made in the past. Look at how many projects are being cancelled. Look at how many others are months behind schedule. There's a reason for that, and no, it's not budget. The knowledge is gone. IT is imploding from within.
There are a hundred ways to mask that to Wall St. Some rather large clients are already complaining loudly over promises that have not been kept. We're going to have to start shelling out a lot of cash for performance guarantees that weren't met. Then those clients are going to start walking away. Sooner or later you run out of companies that you can buy to increase the membership. It is then that Wall St will start asking questions. And it is coming sooner than you think.
A lot of areas are kept to a 12% open vacancy rate, factor 10% on top of that and operating areas are going to be hurting.
I wish I could agree that 10% is far-fetched but to be honest I am not sure 10% is far-fetched number given the drivers. If Anthem were taking RIF actions because of a downturn in business, it would definitely hurt our stock. But these RIF actions are driven by, artificial intelligence (even though I personally don't have a warm and fuzzy feeling that Anthem can pull this off but that is another post) and moving highly-paid IT jobs to Legato at a much lower rate. Ten percent? It sounds as though In some departments it has already been higher than that. If we are taking RIF action because of increased efficiencies and automation, that will not adversely affect our stock and would likely drive it up. Investors have full access to our numbers as a public company - they know Anthem is not in trouble.
127q3Qgh-gjy stated a 10% cut. Are you guys crazy? Do you realize how many folks work at Anthem. A 10% cut would sent shock waves throughout the health care industry. That would adversely impact the stock and the impact to morale would destroy the company. In past posts I have seen numbers as high as 50% which is just ridiculous. You better have a good reason for a 10% cut across all areas when Anthem is growing. Think before you post and if you going to post 10% you better be a VP/President with direct knowledge. That means you 127q3Qgh-gjy
Yes. The rif will be before the end of the year. Will be across all departments
I think everyone was expecting another RIF Q1 cause that's just what anthem does, so are we saying before end of year, there's a 10% cut?
I share @127q3Qgh-tfm sentiments in hoping to be Riff’ed and get me out of this Anthem nightmare. Most of my colleagues are now gone and replaced by these SO CALLED EXPERTS from Legato who don’t know anything about our systems. We can now barely keep our systems afloat since most of the Anthem SME’s have been let go. If I don’t get Riffe’d on this next round, I will definitely look for employment outside next year and just leave. For those few long term associates like myself that are still holding out, I would strongly suggest to just leave as well when the opportunity arise. Anthem IT culture is very toxic and I don’t see it getting any better anytime soon. On the contrary, it will get worst and myself don’t want to be around whenshit finally hits the fan.
Can't believe I m saying this: ready almost want to be riffed. Such a mess. So much incompetence. Nothing nothing works properly. No hope. Culture outside of USA is very different. No matter how much they try. Offshoring is what will bring this IT down. They on the top don't care. It's their piggy bank for now while it lasts. Everybody understands.
Can we at least know what Departments are impacted ?
10% across the board
Is there a timeline? Are they trying to RIF in time for 12/31/19 or is it beyond that date?
Trying not to give yourself away, can you narrow down the division or area?