Thread regarding Aetna layoffs

Aetna Layoffs - Week of 1/15

Was told near the end of the week that our department (and my position) was being eliminated - they integrated the historic Aetna employees from the team into new roles and eliminated all of the historic Coventry employees who were given zero time to find another position within the organization. Nice to be so abruptly let go after close to 20 years of service with the organization. Also, nice how favoritism dictates who keeps a job and who doesn't rather than job performance and seniority.

Neither a company-wide announcement nor a business unit announcement was made (that I know of - it may have happened the following week after all of the eliminated people were gone) so not exactly sure how many people were let go during this latest round of eliminations. The severance package isn't all that great - less than one week of pay for each year of service. And it's also nice of them to pay out only 1/2 your PTO balance.

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Post ID: @RuZJcch

4 replies (most recent on top)

Aetna should just write you a check for 1 year of your salary. This will help the employee in many ways if you have been with them for awhile.

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Post ID: @RuZJcch-bwqd

Welcome to the real world. I have been laid off 3 times in the last 20 years due to acquisitions and downsizing. Keep learning new skills to make yourself more valuable.

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Post ID: @RuZJcch-bgah

This isn't to diminish what happened to you. The former severance arrangement a long time ago at Aetna was 1 week for every $10K of your base compensation, when there was a big layoff. What happened was secretaries with 20 years but made $40K got 4 weeks severance, and higher level managers who made $150K got 15, and nobody got any advance notice. People would be called into an office, told they were let go, and were required to go back to their desk, clean out, be totally gone by the end of the day, turn in badge, etc. Every time someone was away from their desk for more than 15 minutes, we didn't know if they were getting the "summons."

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Post ID: @RuZJcch-1nst

I’m so sorry! The same thing happened to me after 9 years of service as an RN Case Manager with Aetna about 4 years ago. They called me on the phone to give me the news and I felt completely blindsided. I went to work for another large insurance company and I’m currently waiting to hear if I am once again being laid off. I guess there’s no such thing as job security anymore ...

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Post ID: @RuZJcch-bvi

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