If I survive this wave, all I can hope for is more work, more stress, and definitely more chaos. Nothing to look forward to but holding onto this awful job for as long as possible. I'm demoralized to the point of being both numb and depressed. I honestly don't know what's worse anymore - being laid off, or staying.
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An observation based loosely on Frederick Herzberg's motivation hygiene theory: Cigna is the type of company (like nearly all corporate giants), Cigna is not now or has ever been interested in motivating employees. It isn't their focus. They try to pay enough and extend good enough benefits to keep too much turnover from happening.
Now that we are scared to lose our jobs and won't even receive a fair raise (and now rumors that bonuses haven't been approved). It stands to reason that any reason to really want to work here (outside of I gotta pay the bills) is dead. They know this and they do not care.
I think for those who do survive are going to wish they got terminated - I also believe with out a major leadership change at the top Cigna will be right back here in a year from now promising more “savings” to the share holders so the DC’s can keep making their $$$.
Terminating good workers isn’t the solution terminating top shelf that haven’t moved the share price in 5 years might be a better solution.
I think David would merge us with Chucky Cheese if he thought it would increase his annual package - he doesn’t make decisions for a better Cigna its all about the money.
Good luck!!
I was part of the 1st wave and let me tell you something, it’s surreal. I hated the culture, toxicity and the micromanagement in the dept I worked in and this was probably the best thing that has happened to me. I felt relieved a new beginning I am out so now I can find something better and healthier. Leadership that ran the dept were a bunch of useless id--ts lacking brains they marched to whatever they were told to do even if it made zero sense, just so they have a job. Spineless. Pathetic. While I don’t wish for anyone to lose their job but if you are in an unhealthy dept / role, welcome the change / embrace it / trust the process that you will find something better.
The budget for all this has to come out of somewhere:
Cigna’s top executives 2024 compensation:
David Cordani, chair and CEO
Salary: $1,573,077
Stock awards: $15,214,154
Option awards: $3,340,009
Non-equity incentive plan compensation: $2,720,000
Change in pension value and deferred compensation: $31,059
Other compensation: $372,797
Total compensation: $23,251,096
Eric Palmer, executive vice president, enterprise strategy of the Cigna Group and CEO of Evernorth
Salary: $1,000,000
Stock awards: $5,813,611
Option awards: $1,725,052
Non-equity incentive plan compensation: $1,840,000
Other compensation: $51,825
Total compensation: $10,430,488
Brian Evanko, executive vice president and CFO of the Cigna Group and CEO of Cigna Healthcare
Salary: $994,231
Stock awards: $5,813,611
Option awards: $1,725,052
Non-equity incentive plan compensation: $1,700,000
Other compensation: $51,738
Total compensation: $10,284,632
Noelle Eder, executive vice president and global chief information officer
Salary: $868,269
Stock awards: $3,012,429
Option awards: $893,791
Non-equity incentive plan compensation: $972,000
Other compensation: $41,974
Total compensation: $5,788,463
Nicole Jones, executive vice president, chief administrative officer and general counsel
Salary: $868,269
Stock awards: $3,012,429
Option awards: $893,791
Non-equity incentive plan compensation: $972,000
Change in pension value and deferred compensation: $1,049
Other compensation: $40,624
Total compensation: $5,788,162
yeah. in a meeting, manager nonchalantly said how were gonna have to figure out how to consolidate/condense the work that gets done. and it made me feel like getting laid off is just as exciting as surviving the layoffs themselves. such a bleak feeling