Thread regarding Change Healthcare layoffs

I think the RIFs are going on throughout May

I think the RIFs are going on throughout May. My boss told me he was being pushed for a full 30% reduction in his labor costs for FY20. Then he scheduled an early Friday meeting with me for thirty minutes, which is when I expect to be laid off. I just hope the severance package is good, but I've heard they cap it at a week for every year up to 10 weeks. S---s for people like me who have been with the company for longer. The severance plan document available to people leaders does say all benefits terminate the date of severance so that's a little bit more sand in the eye.

Anybody have any more info on what was stated here by @YStzf07-capz ????

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Post ID: @OP+Z4I9SEe

5 replies (most recent on top)

MIP bonuses are paid out on 6/15 I believe. I wonder if there will be another wave before then.

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Post ID: @7jce+Z4I9SEe

Heard from multiple former coworkers about recent layoffs. Good and really smart CHC employees are getting hit hard by this. I was really surprised WHO they’ve let go recently. Extremely talented Sales Engineers/Solution Consultants are being let go!

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Post ID: @7pqm+Z4I9SEe

You are lucky you are not working for the International team. It is carnage over there. Plenty of peacocks strutting around, nepotism we hear is rife. Unless you are related to the VP, good luck in making it past kitchen duties. Luckily I never got to visit but the stories we always hear bring fits of laughter. Full of lacklustre sales who do nothing but talk big and deliver nothing.

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Post ID: @3ehv+Z4I9SEe

As for benefits terminating, I believe the correct legal term is bullshyte. Their crack Pakistani HR crew ludicrously named People Connection will get around to terminating benefits at about week 8 or 10 and your awesome (now ex) employer will send you a dunning letter for the unpaid premium. It could be worse; they could dock your already meager pay for the premium difference and refuse to justify why they are docking your pay.

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Post ID: @2vhm+Z4I9SEe

Don't get your hopes up! Laid off in January.

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Post ID: @coz+Z4I9SEe

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