Does anyone know how many people have been cut total? How many more to go before this "restructuring" is done? Are we done or not? I just want a date when I can stop being terrified every morning.
10 replies (most recent on top)
Advice from someone who watched it unfold from this platform. Layoffs will continue so prepare for your ticket on the next layoff train.
Read the news:
- Ways and Means hearing-5 hours long, Hemsley had his a** handed to him. Exposed a 60 million incentive bonus he paid to himself while employees get peanuts. No denial when asked about it!
Look up -DOJ requires UHG/Optum to divest before they are allowed to acquire Amedysis. Loss of 500 million in revenue.
In the news- UHG cuts increases for employees giving them 0-2%.
This platform is one to watch, it helped me prepare for the layoff day! Wait for your severance and dont bother with the redeployment, everyone else is also applying for those roles because they got laid off too!
@gd your reading comprehension is sadly lacking. Did I say to sit around and wait to get fired before looking? I clearly said if a better opportunity comes along in the meantime take it. The comment is in response to OP saying they were debating to quit, no mention that they had anything lined up. Learn to read and think before reacting.
@gd+1kjn4f2j7. you have zero negotiating power even before you are let go. Optum/UHG never negotiate from day 1 when you are hired til they day you are gone. Where are you going to run to. Just ride it out as long as you can doing the minimum but keep an eye out. Newsflash every other company out there that is publicly traded is just as sh---y after the honeymoon period is over. Better the devil you know than the devil you dont. The chaos is optum culture it will never end after a while you just ignore all the restructure and do your job. when your expiration date arrives it arrives nothing you can do about it. Just simple corporate life it just a job. People take themselves way too seriously. Very few people matter
@c9 Terrible advice. A guy i know did EXACTLY THAT.... got 18 weeks severance.... he's been out of work 14 months now.
You will have ZERO negotiating power once you are laid off. Don't let the imbeciles on here tell you otherwise. It's a terrible strategy and I've seen it now blow up someone's whole life.
If he doesn't find a job in the next 6 months, he will start raiding retirement accounts.
@b8 why quit and lose out on potential severance and unemployment? Use the “wait” time to pursue certifications, beef up your resume, work you network. If a better opportunity comes, take it, but in the meantime, put in your minimum hours and at the end of each day, log off and live your life w no stress or guilt.
Thinking about quitting or waiting for the next round of layoff...
@aj I know I come on here and sh-t all over everything, but I want to comment to let you know that what you wrote is a really nice sentiment.
Put in my parlance, fu-k these guys. They don’t get my fear.
Thanks for sharing, fellow employee. I appreciate you.
One thing I finally accepted recently: I cannot control uncertainty.
I cannot control someone else (or a companies' actions).
What they choose to do is what they choose. No amount of words, crying, or stress is going to fix that. So I am finally choosing happiness in the uncertainty in all parts of my life from now on.
I am going to focus on what I can control, and realize at any point in life the rug can be taken from you, whether it be health, money, job or death.
I am choosing me, my family, and my happiness now.
@OP It'll go on for a 2-3 more years. If for no other reason than Optum grew for quite some time by buying up other businesses. Growth through acquisition will lead to various rifs for quite some time after the acquisition. When you buy a business you don't want 100% of it - you want parts - the rest you get rid of.
And not to mention every other factor driving rifs - the stock tanked, the industry is looking at a very rough economic future, the discipline of software development having matured to the point here you don't need to double the number of workers every year.
Depending on your area, never. This has been how Optum has operated since at least 2015. Weekly layoffs in some area. They are intensifying though. In last quarterly results they mentioned putting aside $2 billion related to layoffs and restructuring costs.