Thread regarding UnitedHealth Group Inc. layoffs

If your salary +RRP is $100,000, it was absolutely a $1000 pay cut. More if you make more, less if you make less.

Wow, that is some bad math/logic!

Agree with a lot but let’s be honest. 1% employer contribution is not $1,000. The max they contributed this year was around 6800, so 1% decrease would be 68 bucks.

@ds Same. My team’s leadership kept telling us to keep our heads down and focus on our work. Ignore the fire, okay…nope.

who cuts 401K???? multiple billion dollar company lol what a joke. Go ahead and tell everyone what's really going on. All the secrets behind close doors is getting old. Glad I left when I did!

@dc has anyone shared with you yet?

@bb or perhaps they're doing it to finance a takeover of some other company?

If anyone would like to share information on this with the media, you can anonymously share with me at Mansur.Shaheen@FT.com

To cut 401k contributions means they are facing serious economic issues. IRS & CMS in the building under confidential inquiry? What could it be?

@am Don't forget! GL32+ get leveled up before everyone else! The rest of us fight over the scraps.

32 = 30% bonus (+$96k RSU)
SLT = 50% bonus (+$100k-300k RSU)
ELT = 100%-200% bonus ($500k-$1m+ RSU)

Merry Christmas Mother F-ers! He-l, even Clark got a Jelly of the Month Club subscription.

Hey! The big wigs still “need” their big bonuses and raises! They don’t care about us peons doing all of the work, jobs they couldn’t perform themselves. They just keep taking and taking. The company is pitiful.

Assuming you make $60,000 and contribute 6% only over 10 years it’s an $8000 loss in growth :(

Time to leave. Companies that cut 401ks are almost always doomed. Look it up.

It just never ends here. Pathetic 🤢
I think about the career I left to be with this company and it literally makes me sick to my stomach. I got a bigger raise as a new employee at only a 3 then I did when I became a 4.
The message= YOU ARE MOT VALUED!
It's my own fault for hoping it would change