At the end of the day, this company is not about healthcare. It is about acquiring businesses to increase profits. PERIOD! They are an acquisition company. They have a long track record of denying claims, they have a long track record of Corporate Greed. The CEO has a long track record of unethical behaviour which resulted in billions of dollars in fines for GSK (his previous employer) and he is doing the same thing here. Risk vs Monetary reward. The board agrees because it results in higher shareholder value and profits vs the penalties.
YES, layoffs have everything to do with the current IT Security situation. IT professionals are handsomely compensated. When they rif'd these people, out walked the leadership and knowledge base. The company doesn't not care about legacy knowledge of the companies they acquire. They care about the profits and the money that it provides. Layoffs reduce the expenses and doing so increases shareholder value. This is a FOR PROFIT company. They didn't provide compensation increases for Grades 30 and above, they wanted to reduce workforce by attrition rather than severance packages. ...and they didn't keep that a secret either. They are blatant and they don't care about anything but their own compensation and shareholder value. Welcome to UHG/Optum
They need to be stopped! Life is so much better from the outside looking in. GET OUT when you can