His email sure does motivate you to work harder for him and the shareholder, huh?🙃🙃🙃🙃
“Yet other pressures are the result of mistakes of our own making. We fundamentally mispriced some of our key products and did not execute as needed in our operations. In other areas, we simply haven’t lived up to our potential.”
@3e8 Really?
Anyone know about United Health Group Layoff in August or September 2025?
@a3 That is a big drop. With all of the acquisitions over the years, I was always surprised at how long it took to integrate and layoff redundant positions that came over. Maybe a lot of that drop was from finally cutting those acquisition employees.
@fd John Rex will be just fine given the shares he has of UHG stock. He is pay for the best medical insurance when he is eligible for Medicare unlike the majority of UHG employees and anyone who has to use UHG medicare when their retire.
@fd You were right about Rex! What else do you know?
@m7 I think the email content has a link on Sparq home page. Look for S H message there.
Can someone post the full SH email? Would love to see it
@e9 I read that today. I seriously thought about posting a ba-f emoji. They are totally f'd if they think that'll save them.
@ac
John Rex was fired yesterday. Will come out as a 'resignation' this week.
@b1 what is ironic is that the actuaries and finance TOLD them how they needed to price and they wouldn’t do it. They completely knew what was going to happen if they didn’t-
All the bootlickers on the Sparq page post make me sick
@a7 Stopped my biweekly buy in and sold what I had back when the stock took that huge dump earlier this year. Don't need that added stress.
@a5
Please sell off our MA plan in our state to a new company that will clean house of the leaders who have been hanging on for years here and keeping their cronies employed too.
@ap
local ceo's need to go. Good old boy/gal system surrounding themselves with their uneducated and incompetent old school minions as dept directors. So many useless associate directors of "general management" and program managers.
Get rid of Change. Fastest move to stop the bleeding.
@ac+1k1bb1jar, agreed the earnings call sounded like a funeral.
Threw the actuaries right under the bus. I'm sure the grade 27 and 28 heads are going to roll, never the big shots.
@ac I agree. We need more svp and vps fired. If the company is failing its senior leadership heads that need to roll. The funny thing is that none will.. sure witty was fired.. ESRO people were fired.. but let’s get down to during those who created this direction!!
Probably the worst email for morale i have seen. He's blaming everyone but employees but his only action is more layoffs. I feel for all those who are going to be hit that have to have this paycheck along with those remaining to pick up afterwards
SH and the shareholders can shove it. We are all getting RIF'd eventually, so they can attempt to falsely inflate their precious stock prices. I hope the stock craters and they lose their shirts.
I’ve worked at this company for over 30 years and have never heard an earnings call like the one today. Every part of the business was underperforming/not living up to expectations. It’s like we all worked for a completely different company for the past four years. Are any ELT‘s going to be let go? Why is John Rex still here? Why did Heather Cianfrocco just get shifted to another role? And Tim Noel promoted to CEO of UHC? Where is the accountability outside of Andrew resigning (or being fired)?
So more layoffs? How many? What LOB do we drop? So many questions.
@a3 I noticed that too!
@a6 I actually called Fidelity this morning inquiring about selling my stock since it's lost 50% since December of last year. Stock was up to almost $580/share then and not it's barely at $300.
Pi---d because with this puppy at $267, it's down 7% from his market-manipulating $25m buy during the kn--e drop he thought was pure genius.
Steve's fortune is locked up and would crash further than bitcoin if Saylor started selling crypto if Steve tried to "diversify his personal assets." He wants us to think we're all on this ship together and should stay busy rearranging deck chairs.
And a desperate attempt to kiss Trump's ring! Whew they can't read the room!
It tells me - Sell, Sell Sell time to get leaner - keep what we do well and sell the rest
He's a joke!
"Much of the work ahead won't be easy...."
Translation: We're are moving forward in replacing even more of you knowledgeable, intelligent, trained workers in this industry with incompetent workers outside the US that have no clue how healthcare even works, but it's cheap labor".
Of the stories some of us have about the goings on in this company. IF the providers and groups only knew half of what goes on with the claims they submit. Some departments have their own internal processing documents and how and what to pay or deny, regardless of what is written in the group's contract. Offshore employees having access to, reviewing and processing claims for groups that are contracted to be handled IN THE US only!
One number that caught my attention in his email was that we now have 380,000 employees. I think we had 440,000 employees in 2023. So, about 14% reduction.