Thread regarding Optum layoffs

Why are there so many layoffs when the company is increasing revenue?

  • UnitedHealth Group revenue for the quarter ending March 31, 2023 was $91.931B, a 14.7% increase year-over-year.
  • UnitedHealth Group revenue for the twelve months ending March 31, 2023 was $335.944B, a 12.9% increase year-over-year.
  • UnitedHealth Group annual revenue for 2022 was $324.162B, a 12.71% increase from 2021.
  • UnitedHealth Group annual revenue for 2021 was $287.597B, a 11.84% increase from 2020.
  • UnitedHealth Group annual revenue for 2020 was $257.141B, a 6.19% increase from 2019.
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| 2981 views | | 11 replies (last May 21, 2023) | Reply
Post ID: @OP+1mHq1jIk

11 replies (most recent on top)

The RIFs "Squad Team" does not discriminate - designated stock options or not (none execs). Bottom line why the current "regime" had to go through multiple RIFs since end of 2022? They have been enjoying the "fat" stock options/bonuses by easy delegation and "blame storms" pushed it to the bottom of the totem pole. Its easy job when you have "enablers" condoned to toxic culture such as the "Boa&rd". Nothing strategic about shady behavior...Yeah $ and buy the legisla$$tors and the Press.
This is why the "Boar%d" discouraged topics to discuss Political contribution and to disclose Execs pay out for termination with or without cause. Too much transparency will be damaging to the exec "Golden Parachuetes" and may expose some corrupted legisla$$tors...chart your own path never look back!!

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Post ID: @2vwu+1mHq1jIk

Post ID: @gcf+1mHq1jIk
I was one of those non-execs with stock options and I still got the axe. No one is looking at the fact that His Royal Highness has been pulling strings since pre-covid to 'scuttle the ship' as the naval saying goes. This if the obvious references and you'll know of whom I am speaking. What do you all actually think he was doing on his 'hiatus?' He sure as he-l wasn't working on the shots. He was working to force the issue world-wide and make his fat profit off it at the same time. Look at the location of the first U.S. 'outbreak'. Guess who owned that center?
Why do you think Santelli's departure was so quiet? He was paid off and pushed out of the limelight. Dadlani is only a sock puppet to placate the shareholders.

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Post ID: @2ilo+1mHq1jIk

You need to look at profit, not revenue. I'm too lazy to go look that up, so have fun.

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Post ID: @1uua+1mHq1jIk

There can be several reasons why ….. ChatGPT in action folks. LOL.

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Post ID: @1axx+1mHq1jIk

cost reductions needed to drive earnings increases. It's all about making sure those share prices keep going up year over year.

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Post ID: @boy+1mHq1jIk

HR simp 🧌 trolling again… see above🤨

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Post ID: @vqa+1mHq1jIk

They make profits off the backs of their insured clients and dispensable,, underpaid employees.

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Post ID: @hff+1mHq1jIk

Besides the obvious reasons regarding bottom line, there’s a huge push for optimization. If they are going to automate certain claims decisions, then they don’t need the same amount of staff they’ve always had. Unfortunately, this is symptomatic of a bigger problem that will affect most large companies for years to come.

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Post ID: @cwf+1mHq1jIk

Do you know how corporate America works?

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Post ID: @grr+1mHq1jIk

You left out execs bonus and stock options pay out … those itemized not “real $$”?

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Post ID: @gcf+1mHq1jIk

They are increasing in revenue because all of our jobs are going overseas. They don't need us anymore. Very shady organization.

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Post ID: @abp+1mHq1jIk

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