Thread regarding Optum layoffs

Someone is lying

So curiously, UHG says the Change breach has cost it $847M dollars. And yet, magically, this will not impact the overall profit of UHG.
More strangely, a (probably oversharing) C-level, in a divisional meeting, directly blamed various merit increase eliminations, recent layoffs, and bonus deflations on "the company [not the division] missing its numbers... and not by a little." They claimed that the "internal" numbers were "bad, particularly bad" and that things were not going turn around quickly.
When challenged on the difference between the publicly posted optimism and numbers vs. the internal numbers and messaging, the C-level couldn't explain it and rambled a bit before stating "we obviously are a little more aggressive with our internal numbers."

So what's going on? Having two sets of very different targets isn't unusual, but having them be so completely different raises questions.

It's also very, very odd that a company endlessly warning (internally) directly from the CEO about price pressure and medicare advantage rates can somehow come up with $847M to cover losses without blinking, especially while continuing extensive layoffs "due to business conditions."

I don't know who isn't being honest, but of these parties is lying.

by
| 1881 views | | 7 replies (last April 30, 2024) | Reply
Post ID: @OP+1sdaNAAY

7 replies (most recent on top)

They (senior executives) make up "internal numbers" they never, ever publish for the express purpose of being able to underfund merit increases, and more importantly, RRPs.

In 2 decades I've never once seen "the internal numbers" but for sure I've had to reference them when telling my team that "we missed them". Usually it's NPS they blame. Such a complete lie - it's all so they can continue to concentrate the pay with the top 0.5% of leaders (ELT+). RIDICULOUS.

by
| | Reply
Post ID: @5xqy+1sdaNAAY

Companies have insurance against disasters and cyber attacks. There is no net loss of money. Only using data to garner sympathy when it suits their needs.

by
| | Reply
Post ID: @cel+1sdaNAAY

The company and its leaders are grossly unethical at best!
There is no transparency just concoction of stories to SPIN the info.
They laugh at the regulators, they laugh at the laws, the inquiries, etc.
They are so big, nothing bothers them. They are above it all.
Disgusting and dirty.

by
| | Reply
Post ID: @yjq+1sdaNAAY

Financial accounting vs managerial accounting.

by
| | Reply
Post ID: @cpb+1sdaNAAY

AW was forced out at Gl$co and escaped prosecution. Right after his exit, that org. was broken into 4.
UHG picked him up cause he is a snake oil salesman able to dazzle the d$mb Board.
Fox and farret symbiotic relationship perhaps?

by
| | Reply
Post ID: @yim+1sdaNAAY

Lying to employees = pathetic
Lying on financials = felony

And AW already was surrounded by scandal at Glaxo.

by
| | Reply
Post ID: @oxy+1sdaNAAY

When have you known UHG/Optum NOT to lie?

by
| | Reply
Post ID: @bkq+1sdaNAAY

Post a reply

: