Thread regarding Optum layoffs

Profit over people

Its rather pathetic that a company that preaches how the value people and how important they are they constantly demonstrating profit comes before people. Even when they boasted about revenue BILLIONS over forecast during COVID they changed the matrix for bonuses in the 4th quarter to under fund the bonus pool, and not a single person I know got more than a 2% raise (at best). They demand salaried employess donate a minimum of 5 hrs a week in unpaid OT (preferance is 10 + hrs) a former VP, who admitted he only got the job because of who he knew not because he was qualified, actually stated if you dont like the pay/raises/bonuses find a new job elsewhere.

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| 751 views | | 1 reply (April 21, 2024) | Reply
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This is the unfortunate reality of the corporation.

"Business leaders today say their companies care about more than profit and loss, that they feel responsible to society as a whole, not just to their shareholders. Corporate social responsibility is their new creed, a self-conscious corrective to earlier greed-inspired visions of the corporation. Despite this shift, the corporation itself has not changed. It remains, as it was at the time of its origins as a modern business institution in the middle of the nineteenth century, a legally designated “person” designed to valorize self-interest and invalidate moral concern. Most people would find its “personality” abhorrent, even psychopathic, in a human being, yet curiously we accept it in society’s most powerful institution. The troubles on Wall Street today, beginning with Enron’s spectacular crash, can be blamed in part on the corporation’s flawed institutional character, but the com­pany was not unique in having that character. Indeed, all publicly traded corporations have it, even the most respected and socially responsible among them..."

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