Any word of the date(s) of next round of layoffs?
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They're looking for middle end teammates, supervisors, managers, etc....then they look for 20, and 30 somethings that are easily replaceble, debt ridden, go an appartment rent, and will hamster wheel into oblivion to make their owners proud.... they know there 's a revolving door of lackeys ready to work there, so be on the look out for that Friday "meeting"–code word=fired/layed off/sht canned
Anyone know which areas will be laid off next?
A lot more are coming after February.
What we can do to help the CCP.
What parts of PHM were impacted?
I just got laid off from Behavioral Health.
I just got laid off from Population Health Management.
Any idea what areas in EIS were hit today?
They didn’t give us numbers. ECS population health management just did big RIF. 33%of my team eliminated this morning.
24 heads just rolled at Optum Enterprise Information Security
Sorry, bad news. Now if other health plans do better (perhaps they trimmed more folks), then you will see labor costs adjusted in the future. Each health plan competes to be the best stock value. If it dips to 330, you better be ready. It sounds crazy that a company that is doing great but not great enough for stock values.
https://www.wsj.com/articles/unitedhealths-profit-slips-as-health-care-visits-return-11611144802
This convergence of support gives bulls a level to measure against on the downside.
Should it break, the 100-day moving average and $330 level could be in play.
UnitedHealth Earnings
Estimates: Analysts expected UnitedHealth earnings of $2.39 a share, down 39% vs. a year earlier. Revenue was seen rising 7% to $65.24 billion, according to Zacks Investment Research.
Results: UnitedHealth adjusted earnings per share fell 35% to $2.52.
As long as they're making obscene profits off of the sick and the infirm, we will keep making our subsistence pay, and the `1% will get their billions. Sickos
If the stock drops after the meeting tomorrow the layoffs will be bad. If the stock jump up in price the layoffs will be bad. Yes, you lose in either case.
UnitedHealth Group stock has been flat over the past three months, with a gain of 0.5%. That’s weaker than the broader S&P 500 index, which is up 1.8% over the same period. But shares of the giant health insurer kept pace with peers, as the S&P 500 Managed Health Care index climbed 0.8%.
On Wednesday morning, UnitedHealth (ticker: UNH) will have a chance to make its case to investors, as the firm releases fourth-quarter and full-year 2020 financial results. The company has scheduled an earnings call for 8:45 a.m. Eastern on Wednesday.