Thread regarding Optum layoffs

How massive do we expect Oct/Nov layoffs to be?

I can’t afford to lose the job now. I guess not many can these days.

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| 2121 views | | 9 replies (last September 5, 2024) | Reply
Post ID: @OP+1uk5YqAk

9 replies (most recent on top)

For Q1 & Q2 2024 earnings report, Larger layoffs: Layoffs happened 2 days after quarterly earnings reported.

Q1 2024 earnings reported: Tuesday, April 16 2024 - Large Layoff: Thursday, April 18 2024

Q2 2024 earnings reported: Tuesday, July 16 2024 - Large Layoff: Thursday, July 18 2024

Q3 2024 earnings reporting date in October 2024 has not been announced yet.

Note: 2023 quarterly earnings were reported on Fridays.
Examples:
Q4 2023 earning reported on Friday, January 12 2024.
Q3 2023 earnings reported on Friday, October 13 2023.

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Post ID: @2xiy+1uk5YqAk

What is date for October layoff?

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Post ID: @2hnx+1uk5YqAk

The layoff occur with the earning call. The next earning call is Oct and so layoff will be right before that.

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Post ID: @2nhp+1uk5YqAk

Massive due in part to V28, data breach and upcoming investigation. Payment Integrity will be among many teams affected.

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Post ID: @2zgb+1uk5YqAk

Sounds like the aftermath of a trip to taco bell😂

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Post ID: @2bsi+1uk5YqAk

I really do appreciate this forum, but the comments with incomplete comments are tough, like these: "I’ve heard it won’t be as big as the on 7/18." or "Brace for shock! It is going to be massive. As big or bigger than the earlier ones this year." Can either of you elaborate, whom are you hearing this form,. are they reliable or is this your own theory???

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Post ID: @1tqg+1uk5YqAk

Does anyone know if Optum Insights Payment Integrity will be affected?

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Post ID: @1lhv+1uk5YqAk

I’ve heard it won’t be as big as the on 7/18.

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Post ID: @1qig+1uk5YqAk

Brace for shock! It is going to be massive. As big or bigger than the earlier ones this year.

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Post ID: @1clz+1uk5YqAk

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