Anyone have details yet on the scope of the layoffs or the reorgs that will follow?
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will employees who work from be laid off.
They have restructured every 6 months, getting leaner is the key. They model will get leaner too.
The revenue engine is based on RCM fee for service revenue and the craziness of claims processing. Value-based and at-risk models will not have the same margin for athena.
Their model is based on fee for service nonsense which need to be fixed if health care costs are to be controlled. Their margins will be leaner too.
Athena has been gutting the Epocrates teams for a few years now. San Francisco and Princeton were the only two Epocrates headquarters left. Hang tough those who were let go this week, this happened to me months ago when every developer and QA team members were laid off with no warning or notice. Those that are still with the company for the 'transition/reorg' I suggest you dust off the old resume since your time left being employed seems to be finite now. Best of luck my friends.
As one of those laid off I understand why the company needed to restructure and become leaner, but as so many times before the decision to make changes seemed so ill advised and short sighted in nature. After 9+ years with the company, I have seen reorg after reorg that felt more like shotgun blasts, rather than well plan strategic thinking executed with pinpoint accuracy.
This time was no different; so many of those who are gone today had been high performing, highly experienced atenistas most of whom were the same people responsible for the work being done in the trenches everyday and for the individual successes that have lead to the rapid grow of athenahealth over the last decade. Doesn't it make more sense to save the cream and not pour it off the top, even if their salaries are a bit higher or they are a bit grayer? Companies often speak of the cost to hire and train good people, then why was this layoff seemingly without regard for this? The meaning of words such as loyalty, dedication, experience and honor have been forgotten by the leaders of athenahealth and this is indeed "A sad day".
Healthcare is a small world, so stay positive. This is a sad day for the company and worse for the wonderful people (both those let go and those spared).
As someone who started when there were less than 100 employees this is truly the saddest day of my professional life.
Don’t dwell on the why. Cherish what you’ve gained in both experience and friendships, then pick yourself back up.
selling the jet, selling PLO. No more SF, no more Princeton. Cuts in Atlanta and Watertown. They cut fat + muscle + bone this time. Not sure that these are the right changes to turn things around/bring back the heyday though. Maybe once the reorg details come out, there will be more clarity on the go forward.
(as someone not on the executive/leadership team) To all those who were let go, I salute you for your heart and years of service. If you were not treated well today, I am sorry. Please know you were valued both personally and professionally and that your contributions will be missed.
400+ and only a handful (< 50) are kept on retainer through EOY; most leaving today... but that's athenahealth for you - the decisions they make regarding $$ rarely take into account skill
I was one, after 7 years of exceeds performance, other folks stayed on with less tenure and less to contribute. Not sure how decisions were made but makes no sense.
I'm a tech reporter at BostInno looking to speak to anyone who was at today's all-hands meeting, as well as anyone else who heard about the number of layoffs through another means (any documentation is preferred, as it will help verify what I have already been told). My email is firstname.lastname@example.org, and you can reach me by Twitter at @dylanljmartin. I can also provide my phone number so we can message using Signal's encrypted app.
I was one of them. Laid off today. In some areas they are keeping managers but they will no longer manage people. I wish I knew how I made it on the list..seniority? Ive been with the company in excellent standing for over five years.
heard it was 450 people. some are to leave today, some are asked to stay on to transition...