Despite 14 billion in profits in the last year. Its not out of the question for the stock to go to low 200s. Nothing matters to this company other than 1. Stock price 2. shareholders.
Hard work does not get rewarded along with all the extra hours you put in. Do the bare minimum like Peter in office space, you will get same results. A layoff, oh and sc--w that little dork Sandork Di--oani Mr 100x
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Let's be honest this company has been mismanaged for years. Leadership hiring more leadership and employees they were not needed and doing the work one person could do. It's finally catching up to them. So restructure. Cut to bare minimum and then start hiring once they get knowledgable business leaders. And stop the fraud and abuse.
@OP To think the stock price drives the layoffs is uninformed and juvenile. The roadmap was set 5 years ago to reduce on-shore by 30% - 40%. The stock was trading at 550-650 at the time. It's been the plan for years to cut people.
The stock price is driven by the Medicare reimbursements and the Gov. Your proof lies in the fact Humana and all the other HC companies are getting whacked too.
Maybe the truth doesn't fit your narrative, but the truth is still the truth. Learn i, accept it and either work hard and stay or quit.
There is no real catalyst for the stock until maybe they get a boost in the final rate up from the initial. 09% for Part C and D. The PBM probes could be a major issue for the stock as well. They won't need able to layoff much more until they cut unprofitable mkts in both Caid and Care. There is just no way to make up this unless dramatically increasing pricing and that's going to be tough. 600 is a pipe dream now. The company amd sector have been repriced
Isn’t the stocks down because of the layoffs?
Don’t they use those funds to pay out severance packages?
Which means if they keep laying off every month, the stocks will stay low and go lower.
They are saving on not paying full bonuses and giving tiny raises.
@ac Very well said
@a5 32+ with RSUs are cutting their paychecks. Great til the music stops, but unless they buy puts at share vesting strike price, they lose. Even then, they lose to inflation.
health care is a public utility and the market is starting to price it as such. Comp plans have to swing from RSUs to cash, which means less TC, so we'll need to shed 32+
See ya at $200!!! No growth strategy at all.
The funny thing is they always layoff people who make this company better and backfill with offshore re--rds. Positive feedback loop if I ever saw one.