Thread regarding Optum layoffs

@d9 The market is saying it's time to get rid of leadership and break up the company.

One was fired from Stripe because no good at "real" tech company after leaving GM, one had a violent DUI and fired from another insurer, and the latest is an oaf and sits on the board of another Payer that has struggled as much as UHC while Aetna, Cigna are fairing better.

SH kept buying HMOs and then picked up more lives - after other Payers walked away! He just wants to do health insurance. Optum is the whipping boy that keeps a broken Payer afloat.

The market has wised up to it. If we break $200 quickly enough, Wayne may not even have his first day!

the rot started years ago, for the stock to collapse like it has and in such a short time, stuff has been going wrong for a long time. some genius decided over 10 years to ago to buy a bunch of failed businesses in south america of all places. the same geniuses , and their sycophants then went on a buying spree, each new buy an opportunity to install fiefdoms with dozens of self-styled leaders. the only way out now is a fire sale, the next couple of years will be brutal, a lot of babies are going to be thrown out with the bath water, the leaders that remain will be those who float, sh*t floats.

Sad you need to find this out from the news then a memo from your own company

@bx Layoff next week?

Independently, Optum’s profits would put it between Lilly and AmEx on Fortune. In many ways a spin off would probably be better. Instead of the current “we are totally two independent companies owned by UHG, but also we shoot each other in the foot all the time and should stop that.”

This seems very much headed towards us splitting up the business somehow. How else do you come back from being this far at the bottom in the market? It’s drastic changes that are needed.

Wayne DeVeydt is a solid choice. He will do what is right for the company, and the technology organization. Succession plan in place.

Go to Yahoo news. Hemsley and Conway will need to rebuild the company. They will need to literally get rid of Optum to accomplish this.

True. UHG is not going to be broken up, but it will get rid of businesses that have no growth potential. Layoff coming next week, significant cuts and reshaping. Ride the storm, good leadership is coming.

As for Candyman, he's doing what the Board wants. Cut costs. The Stock is tanking.

No visible LinkedIn for Wayne DeVeydt. He will likely take a realistic look at the all the LOBs and determine what should stay and what must go based on comparison of like services of competitors.

While he and the rest of the SVPs are busy analyzing and balancing costs, they should cease the out-sourcing of American jobs and get rid of the H1B hires from the failed Latin America business.

Finally, the SVPs should ask themselves why they NEED multi-million possible performance payouts. They do nothing to help America while relying of the SSI of retires and those with disabilities to fatten the revenue pot through Medicare. Shameful it really is.

Andrew Witty is a silly wasteful person as are those who hired him. He should return home to England and stop sponging off those who have paid America taxes their entire lives and who have fathers, mothers, sister, brothers and so on who have always supported the economy and armed forces.

So he is a hatchet man it looks like. Layoffs have been growing but under WARN levels. Maybe this guy will drop the hammer on us all.

Yes the new guy seems like a break out artist. So likely selling off pieces. Quite a change from the past 15 yrs of buying everything in the name of growth and monopoly.

No internal announcement yet. Have to learn about it from here and other news sources. smh

I guess this happened a couple of days ago.

https://www.thelayoff.com/post/@fd+1k1bb1jar