Tiny Tom continues dismantling the business
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How many employees will be impacted by this? Ugh
Employee Voluntary Benefits...payroll deducted life ins / accident policies / etc
What is EVB?
The billions of dollars they are getting from this will be invested in more tech, more AI and more self service. The rest of the profits will go to executive bonuses and fringe benefit trips for them with a small amount left for more offshores employee investments. After all, offshore labor is a savings in itself so there’s no need for big bucks to be ear marked for that. And there’s zero for the US based employee investment
The voluntary benefits are being sold to The Standard.