Peeked at the UnitedHealth Group page. It’s the EXACT same story. The names are different (Witty vs. Gail) but they’re feeling the same pain. Looks like they’re a few weeks ahead of us; their RIF date was 7/18, vs. 8/8 (what is it with Thursday’s?). There’s going to be a lot of talent out there trying to fill a very few spots.
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I was RIF'ed back in October. This is why I left the healthcare payor industry after 20 years. It will be one of the most automated industries in the near future.
But…but…administration says unemployment has gone down!!!
Technology has made it easy. Policies have not kept up with technological advancements. Lobbying makes sure policies don’t. This creates space for exploiters.
Do you think its government policy encouraging outsourcing? Maybe there is an outsourcing and H1B visa deal with BRICS nations to stop BRICS replacing US dollar? I have not seen outsourcing at this scale in my life, and I have been around.
All the financial #’s are positive except … “Has there been substantial insider selling in the past 3 months? Significant insider selling over the past 3 months”. Companies are not running on facts, rather speculation. What the industry is experiencing can be summed up with this … https://x.com/FinancialReview/status/1701440109948887057
I somehow feel, companies just need a reason to do so, to keep headcount light. And again after few weeks recruiting starts . It seems to be a cycle, which could be avoided/delayed.
It's every industry. Go look at Citi.
Now you’ve got me looking at other company’s depressing situations. Thanks! CVS, Aetna, the whole industry is doing the same dark dance.