Yep, we know what's coming. Nobody survives a -22.38% stock price haircut without going through massive layoffs.
Stay strong and good luck all.
8 replies (most recent on top)
I'm sure Mr. Witty will be just fine! :D
Now there's AI commentators in here.. jeeze it infiltrates everything
stock price drop is excuse to do what they had planned already. buyout offer recently they knew bad numbers coming so now they can hit the magic number buy laying off the buyout offer people who did not leave. The market demands it is the justification. 400k employess for united health group at the moment i bet they will be happy with about 350k left which is closer to what the count was pre pandemic. Empire building got way out of control.
@af+1js5pg9ft this guy doesnt work for UHG hes repeating lies he reads on twitter
UHG is facing a lot of headwinds.
Missed earnings
Gov regulators smell blood in the water with PBMs
UHG denies more claims than any other insurer
NaviHealth class action lawsuit
MA business is struggling
All of the major insurers are having a hard time right now. They all got drunk on the extra money they had from covid and now they’re having to ween back to reality.
Just say it outright! We deserve to know—stop dangling the carrots.
Investors got squirmy about missed earnings. Someone said we would earn x dollars and the mark was missed. It makes us look bad. Now we will "do what it takes" to bridge the earnings gap for next quarter. Including laying off staff. So our investors are happy.
Witty responds to the investors.
Explain to me like I’m 5 …
How does this sell off affect the company financials? And why would it lead to layoffs?
Someone else will just buy more of the stock at a much lower price.