Reading these posts are concerning. CHC obv has its problems, but I’m just wondering how the overlap is going to go as far as layoffs after the acquisition is final. I’m assuming most layoffs related to overlap will be from CHC. How is the claim auditing department at Optum? Is this an area to worry about layoffs?
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Will that corporation accept crytocurrency-the latest gimmick, pump/dump nonsense-whatever, If so, maybe invest, and then if you get laid off, you can retire with all dough.
Why are lay offs even allowed? Where are worker protections, employment contracts, laws to protect employees with jobs? This is the uniquely american–employment at will/whim "law"–all lobbied for by the corporate us overlords. You are at whim by your master who controls you, when you eat, if you eat, if you live in a apt/home, or not, if you have "health" "care" or ...not. sickening us
Interesting article about layoffs. Article is right on about me
https://hbr.org/2021/01/when-you-know-layoffs-are-coming
We worry about layoffs at UHG/Optum every.dang.day. As stated, this is stock driven management heavy company. You will be loosing a lot and joining a very toxis culture.
It usually takes them a bit to get acquired entities integrated from a technology, network, and HR perspective. Once those steps are completed, the poster below is correct. They will aggressively seek to eliminate any perceived duplication. They will tell you they value your unique skills and want to learn from your CHC best practices but you are expected to conform. And yes, any mid-career growth will likely stall out for you because Optum/UHG are pretty top heavy and acquired entities are viewed as being outsiders, you’re never quite Optum enough to move up.
Based on personal experience, you can probably keep your head down for 1-2 years before things start to slip for you.
They will do a deep dive on where there is duplication. There are specific acquisition teams that do this for UHG. They will observe processes / shadow job functions for each area. Whatever the reason they bought you guys aka (what you do well and what was profitable) they want to replicate cheaper if possible. They also will make recommendations on where to cut and then salaries will be looked at for most savings. Supervisors will be asked to rank their employees as well. It has happened to every company acquired. Some areas will be gone immediately usually Sales / Marketing / Finance others will take awhile. You individually will be on what role you have, what dept your in, and how much you make. If you stay on you'll likely see less raises and bonuses than your current company. Promotional opportunities are also far less if your a mid career professional. Sorry to hear if you were at a good company you liked. Its over.
their job is to maximize profits. and "eliminate waste"-including humans. They answer to wall street, their shareholders, it's publically traded. One needs to look at history of that corporation. healthcare partner, davitas. opdum, etc, etc...tons laid off, let go, dissappeared, etc...to maximize profit and "job overlap".