I continue to hear rumors about an upcoming future layoffs AND a merger. I'm hearing that the VSP and additional layoffs are being done to position us well for a merger (GuideWell???).
2c
if you are at least 59 1/2 years old you can do an in service (meaning you are still employed) withdrawal from our 401k into a rollover IRA without any immediate tax impact. If you are younger I believe you are stuck until your employment with the... — read more
401K change to Empower
I never heard of Empower so I checked them out and this is what I found: https://www.trustpilot.com/review/www.empower-retirement.com “We are confident Empower is a better long-term fit for CareFirst’s 401(k) plan and will provide an improved... — read more
Are all area understaffed and underpaid
Checking in to see if all areas are like mine. Stuck now without the long term, valuable associates that knew their job, who were an asset to the company and now the rest of us are struggling to keep up with tasks that aren’t even in our job... — read more
AIP at risk
What are you hearing about the AIP? Is it really at risk? Seems like it would be a slap in the face to those who either elected not to take the VSP or were not eligible for the VSP to take the AIP away on top of everything else.
Who will be the next ELT member to leave?
I almost want to start a betting pool. My first guess is CIO DH.
Continuing eliminations
Even with the VSP, regorgs in certain divisions are happening. They are gutting the workforce and making it really difficult for those of us remaining to get meaningful, necessary work done. Bravo!
CEO
So if BP is a terrible CEO why did another Blues plan or any insurance company hire him as their CEO? Rumor is the board here even forced him out- So why was he hired for the same position or any position? Not taking up for him-just curious
It started, 150 workers cut in Tennessee
The health insurance company announced in July that it planned to shutter its subsidiary Shared Health, which specifically served patients with Medicare, Medicaid and special... — read more
Thoughts on Employees left to deal with aftermath
Will remaining employees get any financial incentive to pick up all of these work from the employees leaving with VSP? Our area has been hit very hard, we were already understaffed and overworked. Now what? Are remaining employees feeling optimistic?... — read more
CyberSN Equals RIF
Just sayin is all…
Merger?
Thoughts on a Merger? Highmark specifically.
CEO leaving
The company is going through a tremendous amount of of change and bang!!- there goes the CEO.
Early retirements offered???
I heard that early retirements were being offered to people in Sales. Specifically, I heard if you are over 55 with 5 years of service the early out was being offered.
Blue Cross axing hundreds of jobs in Michigan through layoffs, buyouts
Blue Cross Blue Shield of Michigan on Thursday announced that more than 500 employees have taken buyouts, and another 600 positions are being eliminated as the state's largest health insurance company looks to shed $285 million in administrative... — read more
Ways to Reduce Your Admin Expense
Offer early retirement. Your oldest employees with the most tenure will have the highest salary points. Reduce that population and you will reduce admin expense. Classic Corporate Move to hide Ageism Discrimination Reorg to move staff from... — read more
Hiring freeze
Has anybody heard anything about a hiring freeze?
layoffs and bloat
layoffs and performance improvement plans coming. IT Ops, Security, IT Apps, Data teams bloated with too managers and directors who don't know healthcare and no care for details. the lower people are about to pay for that bloat.
Budget cuts coming
After a few strong years, healthcare seems to be entering a tightening phase. Budget scrutiny is increasing, and projects are quietly being paused—early signs that cuts could be coming.
What’s the latest in IT?
Still just mgmt abandoning the ship? Any indication of layoffs?
Shake up in IT Leadership???
So it's 8:08 am on 2/18/25. A unplanned IT All Hands meeting just showed up in my inbox for this morning. What do you think is going to be announced?
Mass layoffs of customer service coming
We are about to lose some very big $ contracts. Apparently customer service people are getting cut by the hundreds. Tik many complaints be issue of lack of good service and unreal amount of incompetence. Huge $ contracts going to our competitors... — read more
Reorg Season is Here
Value Streams will now be Fusion Teams. More money in the pockets of consultants. This is like the movie Groundhog Day. We will probably lose some colleagues; not by choice of course. Years of knowledge will be escorted out the door but no one... — read more
IT Reorg
VPs, DIRs, Managers....is it happening?
Is anyone in IT feeling safe?
It seems like the mass layoffs of IT workers are over since DKs departure. It seems like the current CDIO might get it and actually have a plan to make this company Better for IT Workers. Am I stupid/naive for thinking that?
When can we expect the next large round of layoffs?
I know we've been having sporadic layoffs here and there, but I'm interested if there's something more substantial coming our way. In all honesty, I'd rather have one major round of layoffs than constant surgical cuts that keep me stressing every... — read more
COBRA, yes or no, when?
Hi there! Is someone aware of the decision-making deadline for COBRA and the expiry date of our benefits?
BP is all about politics
If you don’t think BP is all about politics you better wake up. Did you realize 3-4 years ago when Carefirst had their volunteer day downtown Baltimore, that Wesmoore was one of the guest speakers. It was all about him putting his name out there to... — read more
Back to the office
BDP you have missed the boat. Our competitors aren’t bringing people back to the office. Get ready for your talent to depart.
When did you start seriously looking for new options?
I barely do even the bare minimum. It's not something to be proud of, of course, but I simply don't have the energy to work as hard as I used to because the attitude towards the employees here is getting worse all the time. It took me a long time... — read more
Passive Aggressive Performance Review Season
It’s that time again where many of us sit down to review our year only to be hit by surprise with “negative” feedback that came through to us by the way of telephone; or someone is rift about something and has a vendetta. He said, she said and... — read more
When CEOs Sc--w Up, Employees Pay the Price
A pertinent quote from an article in Business Insider “ If CEOs are expected — and paid — to be some visionary demigod at the top of an organization, they should be expected to bear that weight and pay a commiserate price when they mess up. At some... — read more
Stopping the Pension
Wow. Heartless. The 401k plan is not going to make up for the difference. Thanks Careless!
This company has become a joke.
They take, take and take from their employees. They don’t care!
How is the company really doing?
Was anyone else confused by the positive tone from the CEO call on Friday? I feel like the last few months, all I have been hearing is 1) how bad things are financially, 2) how bad we are doing in government programs, and 3) how we aren't on target... — read more
Most ridiculous waste of organizational money
So latest reorg put another level of management between worker bees and the VP. VP, Director (with less than 4 direct reports), and Manager before you get to the workers. So if the VP only has a few direct reports of Directors then why in the world... — read more
Please make it end
They think we’re stupid and naïve to see through the BS of what they’re trying to do. All of the verbal warning threats and write up threats need to end. If you are going to lay us off just do it. I’m sure you’re trying to fire many of us so that we... — read more
CEO meetings
Can we please stop with the fluffy ‘CEO’ meetings? I don’t need to listen to associate wellness. Please…BP…get on the call and tell me how the company is doing and what we can do to right the ship. Tired of the nonsense taking up my valuable time. — read more
Many bosses, not enough workers
At this point, I'm worried about how my team will even function if someone else leaves... In that case, I too would leave, because it's become unbearable to do this much work and be under this much pressure. On the other hand, there are too many... — read more