Brace for shock! 29s and 30s as well as others. Notifications 7/17.
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@nw 7/17 layoffs in the works for a while. VPs work with Directors on labor cuts after capital cuts. Contractors first, but 2025 plans needing trimming to meet budgets, W-2 employees are cut.
Earnings moved in part to follow "official" layoffs. Optics are better steve-o can say the road ahead is bright. Q2 earnings will be rough, might even have a loss due to MLR. Anyone inside knows its a bumpy road ahead with continued layoffs achieved through RTO. RTO will likely be mentioned at earnings to indirectly tell investors layoffs continue.
Steve-o will pump hard about future but we know it's bleak. Large employers want distance from UHC, employee complaints are influencing CHRO decisions. UHG VBC schemes with employers like Takeda - but who really wants UHC insurance and OH providers at your office - and nothing else covered. That's going to hurt Takeda's recruitment.
I’m sorry. That’s exactly what happened to me in the April RIF.
@he I also have a 15-minute meeting 7/17 with my Indian manager and his manager. Doesn't look good for me, it's just the three of us. This has never happened to me before, usually I get a group invite.
@c5 they did in April (4/24)
Employees will be impacted also, not just contractors
@he who is on your meeting invite?
BS most lead time you get before the kn--e is a couple days since the list is a tightly held secret until the day of the event. Earnings call not til 29th so nothing will happen before that date. Same pattern as always. If they dont want me fine Im gone not gonna worry about it since waste of time and energy
@he nobody would have the infamous “lay off meeting” on their calendar 2 weeks in advance. That meeting is typically put on your calendar the day before, after 5 PM.
@a9 I have a 7/17 meeting scheduled for 15 minutes. Anyone else? This doesn't sound good, yet I'm not surprised. Layoff time?!
Optum Advisory Services likely to be hit based on information provided today in a meeting.
@a8 the day they tell you you’re being laid off.
@cx not a good coping technique.... I think what people are looking for is information. Thank you for your valuable insight though
You people need some Xanax.
@cg Right. The massive losses will just accelerate moving American jobs to developing countries where we can exploit cheap labor markets.
@c4 RIFs and decreasing On shore FTE's has been part of the plan for a couple years now. The loss of $ on the surface may look like the reason but this has been the strategy even when the the company traded at $650 a share and was rolling.
I would expect notification of layoffs to occur on 7/24 as they never happen the same week as a payday.
Brace for Shock? The Parent Company lost 5 years of growth in a month. Job losses are as expected.
Last i heard, only US contractors are being let go in optum insight. Havent heard about FTEs
Who has a meeting on the calendar for 7/17?
When they gonna spill it
shock? It's no secret, little shock
Why would we be shocked? What's surprising about this?