No bonus, no vesting. This company su-ks.
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Optum vests 401k after 2 years which means you own your contributions 100%. How long were you at the company and how did you rate on your past reviews? Of course getting let go is devastating but your lack of any details is hard to fully back and blindly support without the context.
What do you mean no vesting? How long were you here? No mention of your work performance? Did you get awarded stocks that required a minimum time to be vested?
I'm dusting off that resume. there's no reason to stay at this company.
Trying to spread the word ...
Gearing up for yet another round of layoffs in Q1 2024. Sr Mgt confirmed 1/17/24; a Manager I was to be offered a role with had to pull a requisition back due to layoff advisement at senior levels of their area. This is to be company wide. Layoffs every quarter consistently it feels like. UHC / Optum has been able to skirt the WARN act law, because it's state based not company based. So the mass layoffs of 22-25% of the company have to be by state to be out of compliance. Because they're not by state, UHC gets away with it. (That is directly from Department of Labor.) Additionally - watch out for mass hiring events to be conducted afterwards, just like they did in late Q3/early Q4. 3 Remote hiring events and Job Fairs were published on job search platforms, and sent out to many job seekers via email. Literally a punch in the face.
Fake news too.
What was your role? What grade level?
Over or under Grade 30?
This mornings stock price must have spooked them. I guess that's how the company is managed now...every few hours check the stock price and see how many more should be canned.
What department(s)?
Are you in IT?
Laid off. Two from our team so far. “Business needs”
Fired or Laid off?