Topics regarding layoffs at Gainwell Technologies

Topics regarding layoffs at Gainwell Technologies

Layoffs strike again 11/29/2023

I was let go along with several of my coworkers this morning. I don’t know how many total for sure. I know of myself and around 10 others so far. Luckily for myself I had been looking for jobs and have one lined up to start soon. My coworkers that... — read more 

The remainder of 2023

I just had a meeting with my superiors. I was told there has been a delay in hiring the people they need in India. So that has delayed the layoffs in the US. Veritas and the leadership team are measuring the success of the layoffs by the difference... — read more 

11-20-2023 - Looks Familiar

https://www.cnn.com/2023/11/19/tech/sam-altman-open-ai-firing-board/index.html

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11-20-2023 Layoffs

Holy SH-T!!! My entire department was cut today and everyone was laid off. I’m still in shock. I can’t believe GW runs a business like this.

Prospective Buyers

Do we really have NO idea who any of the prospective buyers might be? The burn rate for Veritas has got to be incredible at this point, and unsustainable, even for their deep pockets. Are they really just going to let this failed company go into... — read more 

Farming work overseas

Another round of layoffs! Daily there are new contact employees from overseas. Gainwell signed an agreement with a company called WiPro (Bangalore, India), they will also be performing IT work. Meanwhile removing salaried employees. Rather than... — read more 

Townhall

In the Q&A portion of today's townhall, He said the WFR is less than 5%.

Another round of layoffs 10-30-2023

Another round of layoffs today and this week. More are happening across the organization. This is going to continue through the end of the year. They might skip a week here and there. But be prepared. Remember the goal is 45% reduction.

Leadership

Any time a company thinks their strategy is to CUT their way to EBITDA growth and that's the only lever they are pulling, its bad leadership - in this case relying on McKinsey (what a joke). Sad for these employees.

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| 1192 views | | 2 replies (last October 24, 2023)
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Maybe Company Buyout is Needed

Gainwell is exiting so many employees through RIFs, including many knowledgeable employees and employees that have strong relationships on the state accounts. Gainwell is also losing a lot of its knowledgeable and ethical employees. Only the toxic... — read more 

Leadership changes

Lots of new faces. Karen Shields (she/her) is gone. https://www.gainwelltechnologies.com/leadership/

New owner is going to clean house.

My inside source tells me that when the new owner takes over that they are going to clean house. Meaning they are going to bring in their own leaders, strip down each department to the bare minimum number of employees, and scrutinize every contract... — read more 

Nov 23 layoff

The contract level leaders have been given staffing reduction targets for a layoff round to take place Nov 23 - it's pretty sizable. The accounts are able to determine the specific resources to eliminate for this round - so throw your name in the... — read more 

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| 2200 views | | 6 replies (last October 24, 2023)
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Hiring more executives

Gainwell continues to bring on more executives. More C Suite people. Is this a sign of struggle? Is it a sign of putting on a good face for the upcoming sale?

Just Know

Just know that this is a bad company Just know that the leadership is horrible Just know that you are a number Just know that you could be laid off at any time Just know that this company is losing more business than they are bringing in Just... — read more 

GWT continues to lose more business.

As Gainwell continues to lose more contracts, one has to ask themselves when the next round of layoffs will happen. Less contracts simply means less employees needed.

Gainwell Employee Handbook - the most threatening and demeaning document I’ve ever read from this company!

The Gainwell Employee Handbook is out. We are all required to read it and sign off on it. If you just skimmed it you should do yourself a favor and read it. It comes off more like a declaration of war against its employees more than anything. There... — read more 

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Culture Ki-ler

I read something today about the 12 ways to destroy a culture. Here they are. And it looks like Gainwell is guilty of them all. Disrespect people Don’t clarify roles Micromanage Fail to recognize good work Keep employees in the... — read more 

Merit Increases posted

Raises are pitiful. From the internal site: Go to: mygainwell@work - My Profile - Compensation Information - Compensation Statement

Another DDI failure

How much stuff can this company mess up and still remain in business? They can reorganize as many times as they want. Isn’t it obvious that’s not the problem?

Raises are bad this year

Word is the merit raises are pretty bad this year, just got a 2.5% raise and I had put in an excellent year. GW is not taking care of it's workforce in regards to competitive pay, adjusting for inflation and high interest rates. Don't expect much. — read more 

Merit Raises

Any word on when merit raises and when they will be approved? By this time last year they had been approved. Something going on?

Something Odd...

Even if Gainwell is this bad place to work or has bad upper management?!¿ How is it that some employees have been here for over 15 years... Why do they stay? Does the toxicity of this company affect them as well? or No? Are they impervious to the... — read more 

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