http://www.courier-journal.com/story/money/companies/2017/11/08/humana-executives-talk-investors-layoffs-buyouts/843363001/
11 replies (most recent on top)
Agreed below poster. We know business is business. But at some point four layoffs in one year is just bad business. I empathize with many leaders, but their is a culture at least within HAH that prevents honest discussion. There is a lot of fear that has been sown. Many times fear leads to anger. & this site provides an outlet for emotions. Right or wrong, feelings are feelings. The most visible will be blamed.
Ummm...no. Nobody is upset at the planning process in and of itself. People are responding due to the false reassurances they received after each round, people told “no more layoffs,” people told there area was “decimated enough.”
People are upset after being lied to, not at the planning process itself or its needs and requirements.
Why does it matter how long they had been planned? Regardless of the merger, HAH required restructuring because it was no longer generating suffient profit. It had become less impactful over time and the model had become overly complex. That is a massive restructuring that requires a year or more to develop and get approved by CMS. The shareholders and bod who own the company demand a higher profit and the executives to do this. You act like the leaders sit around and plot how to be disloyal to associates and be mean. If you want to be mad, look to the board of directors. Laying people off is a miserable thing to do as a leader too. It wasn’t there hope either
Right.
No. The first round of layoffs for HAH was Feb. 1. AFTER the DOJ decision to oppose the merger. The planning for layoffs was done before the failed merger.
There was a round of layoffs prior to the Feb 17 round? I had missed that.
My issue is with the false reassurances to associates (aka lies) when it says right there, in black and white, these cuts had been planned for a year.
The first layoffs came to HAH before the DOJ decision,
I knew MF was lying when he said that first round of layoffs in Feb. '17 had nothing to do with the failed merger. They had to have a backup plan as soon as the government opposed the big merger, and they implemented it right after they learned the ruling against the merger. Bunch of lying a**s!
Unreal. PLANNED FOR A YEAR. Un-Freaking-Believable. Knew they haven’t been telling us the truth. And more to come in 2018. And we are all just supposed to hop to it! Help as many members as you can! What a joke this has become.
“Bruce Broussard, the company's chief executive, said that the reductions in force have been part of a broad plan going back nearly a year, before the breakup on selling the health insurer to rival Aetna.”
Which one is it? “We meant ‘no more layoffs in 2017’ when we reassured you early in the year?” (And then “reanalyzed the numbers...).
Or “yeah, we’ve been planning this nearly a year?”
This article makes me sad, angry and hurt all at the same time. I know that it is business but it hurts to lose your job and know that the "big rigs" are making some very nice money and bonuses and always project this positive image to the media that they have 1450 jobs available so that it appears that associates have ample opportunists. That is such a big joke.. Politics, politics and politics.... Someone should ask how they feel about letting staff go during the holidays but at the same time always pushing Humana values.. I am going to exercise EAP benefits this is so maddening and quite depressive for me.