HealthEquity makes money off interest and with the Fed. raising rates they are literally handing HealthEquity money. They are in a better financial position than they ever have been, so what do they do? They layoff 50 people (around 10% to 20%) of their software development and delivery department. What do they do after that? They send out an email saying that they want to "aggressively" hire 40 engineers in the next 4-6 months. The company claims they value their employees, but when you look at reality it is clear that they don't care at all. This was the work of their new CTO. He was brought in to help make the transition from a monolith to microservices. He didn't really help much and like the great leader he is, he blamed everyone except himself and convinced everyone else that his lack of progress was because our engineers weren't skilled enough. These employees that were let go are some of the best in the business, I would happily work with any one of them anywhere. What they don't know they put in the effort to learn. They even created a group for former HeathEquity employees and their first rule was no bad-mouthing HealthEquity. Even after the slap in the face they just want to look to the future and help each other find new employment. If you want to be thrown away like the expendable employees that you are come work for HealthEquity. They show their "purple culture" through constant layoffs. There have been around 4 layoffs in as many years.
