Topics regarding layoffs at CareFirst BlueCross BlueShield

Topics regarding layoffs at CareFirst BlueCross BlueShield

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 


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Post ID: @OP+1k9bb9brp

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 


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.


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


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.

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 

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.

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Post ID: @OP+1jtxvtfbg

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.

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| 690 views | | no replies yet
Post ID: @OP+1jt7qy1jh

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 

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| 1080 views | | 1 reply (February 18, 2025)
Post ID: @OP+1jkzp22x3

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 

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| 1110 views | | 1 reply (February 15, 2025)
Post ID: @OP+1jke767fq

IT Reorg

VPs, DIRs, Managers....is it happening?

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| 1560 views | | 3 replies (last September 12, 2024)
Post ID: @OP+1u1M20XB

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 

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| 1880 views | | 2 replies (last February 18, 2024)
Post ID: @OP+1qvqSIaP

COBRA, yes or no, when?

Hi there! Is someone aware of the decision-making deadline for COBRA and the expiry date of our benefits?

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| 1020 views | | 1 reply (October 27, 2023)
Post ID: @OP+1pePHPG0

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 

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| 3270 views | | 7 replies (last February 26, 2025)
Post ID: @OP+1nTE83i4

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.

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!

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 

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| 3270 views | | 7 replies (last December 29, 2022)
Post ID: @OP+1kg2AzBz

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 

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| 2860 views | | 3 replies (last January 20, 2023)
Post ID: @OP+1jIxxR3p

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 

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| 3533 views | | 6 replies (last November 18, 2022)
Post ID: @OP+1jBjYXJ5

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 

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| 2120 views | | 1 reply (November 10, 2022)
Post ID: @OP+1jx3bHGQ

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 

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| 1950 views | | 1 reply (November 14, 2022)
Post ID: @OP+1jxVQOd0

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