Thread regarding Cigna layoffs

Everyone takes the easy route to stock price increase - layoffs

And that’s usually only a temporary solution. Especially if conducted lazily, which is the case most of the time. They look at the numbers, and best performing and experienced people are usually first to go because they are costly. I never hear about any strategic plans, honest to god innovation (introduction of AI is not an innovation), or any decent business plans. Just frigging simple layoffs, which pump the stock for a second and then we are back to beginning.

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| 1121 views | | 4 replies (last August 2, 2024) | Reply
Post ID: @OP+1tOFLfMD

4 replies (most recent on top)

Intel's layoff did not help the stock price.

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Post ID: @ysh+1tOFLfMD

The benefit of selling Exp is you no longer have the offshore restrictions with DoD. So strategy away…

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Post ID: @dbk+1tOFLfMD

On that note, how about sell off Express Scripts and stop holding them hostage. You already canned the top tier and drained what you can.

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Post ID: @ssc+1tOFLfMD

The economy is slowing down.
The “positive jobs numbers” for the last few months had been padded largely by government hiring, but not even government hiring is helping now.

The fed is stuck between maintaining rates to slow inflation and lowering rates to artificially prime the job market.

The time is right for paying off/dumping individual debts in preparation for a recession.

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Post ID: @orr+1tOFLfMD

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