This is what is going on:
Fire all of those ages 50 and over.
Then we cancel their Social Security and Medicare overnight, just as they voted for. They did pile up huge 401k's, right? Their houses are almost paid off, right?
Now the young don't have to pay taxes to support their early retirement.
Since the young have a big tax cut, we can pay them less and hire them to work in the Dept of Toxic Waste replacing those that were just fired.
Hence 250 open positions.
Layoffs? I saw that they had over 250 open positions.
I would take early retirement if they offered a decent package.
Hearing rumors that there will lay offs next week (starting 2/26)
You do not need to " fire all over 50". Just offer a good voluntary package that appeals to long term employees. Generalization is never a good thing. I have been taught a great deal in my career from seasoned employees.
But Grasshopper, you really think this is a merger?
I think we should just go ahead and fire all the people over age 50 and deal with the consequences. We would have to rebuild a great deal of our IT systems given that the few old engineers who weren't replaced long ago with short-term offshore contractors have made sure to hoard knowledge so young engineers can't learn the systems effectively. So many of these groups incorrigibly hold on to practices 20 years outdated and the systems are so barely maintainable that we would be better off to burn them to the ground, lose all the customers that refuse to upgrade their ends, and start over. We could mark this stuff down to zero (which is more than they are worth) and be honest to Wall Street when we have the IPO.
I have seen very well that trying to merge two ridiculously convoluted systems into one results in triple the insanity. Doing this over and over again through repeated mergers makes things impossible to maintain let alone improve with ever reduced resources.
What is really sad is that although we are supposedly HITRUST certified (and innumerable other "certifications", we can't even change the database and ftp passwords on our claiming network servers. They are hardcoded and we don't remotely have the engineering resources to fix this so we just keep sweeping it under the rug and have been resetting them the same for over a decade.
I am already suspecting I am on the RIF list so I might as well dish now.
Agreed, it is definitely nerve-racking to have to pretend that all is normal when it is clear that things are haywire. This type of crazy unstable environment really does not bring out the best in people.
Walking dead, waiting...waiting...waiting for the ax ...
Still no word.
It is nerve-wracking , constantly worrying when the RIF call will come. I wish they would do it all at once and get it over with.
The grapevine says more RIFs are coming soon but no real details yet. Hopefully someone in the know will share some information here.