Layoffs have been happening here continuously for years now, to the point where they have completely affected office morale. Everybody is always on edge and worried, even people who were friendly are snapping at each other. This is not only disrupting our work, but its affecting people's health. If they continue like this, they won't have to lay off anybody, people will leave on their own. Which, now that I think about it, might be their goal.
3 replies (most recent on top)
Paul Ricci is the CEO of Nuance Communications Inc. (NASDAQ:NUAN). Paul Ricci is absurdly overpaid. Obscene pay can be justified, but Ricci’s is not. NUAN stock is off more than 13% in the last year, 41% in the last two years, and still has a negative return going back five years.
Ricci now has the dubious distinction of landing on Fox Business’ “Worst CEOs” list for two consecutive years.
A 2013 Business Insider piece pegged Ricci’s annual compensation at $37.1 million — a 79% increase from 1999. That means that in 1999, Ricci made $20.7 million. This guy has been making tens of millions of dollars each year for the last 16 years. The problem has gotten so out of hand, the financial media has started calling for his head.
In the wake of the hubbub, Ricci, generous soul that he is, has taken a pay cut. His most recent compensation is a meager $17.94 million.
So much happier since September layoffs of 2016. I used to love my job and the level of satisfaction, knowing I was helping patients in need of quality medical care. But Nuance spoiled that and left me feeling like the worm they treated me as. Not everyone was terrible. Some supervisors really cared and understood. But others left me feeling that patients would just be way better off if I would disappear. I went from being named one of the best transcriptionists at a major local acute care hospital to being accosted with the fact that both my quality and quantity were in the tank. No wonder... when you're made to be so paranoid of making even the tiniest mistake, guess what? You start making so many mistakes, you become the very fodder for layoffs that they're hoping for, and the biggest loser is quality patient care. But that's not what it's about at Nuance. It's about production, the bottom line and how many employees in Heyderebad can replace you at a fraction of the cost, notwithstanding an accompanying fraction of the quality of the work. Welcome to one more aspect of the deterioration of quality patient care. MAIN LOSERS: Patients. So sad.
2 people in my group of 8 quit in last 3 months. that tells you what's up with the morale.