Thread regarding Elevance Health (Anthem) layoffs

How does a company benefit from layoffs?

I know money will be saved but that seems to be the only benefit? Trying to understand the mgmt? I see many drawbacks, less productivity and abiloity to do things, and other things? what else?????

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| 643 views | | 2 replies (last November 6, 2024) | Reply
Post ID: @OP+1vmU3I7q

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They save money by offshoring positions here in the United States to people in the philippines or India for cheaper labor and low qualifying people. They rather pay them less.

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Post ID: @vxt+1vmU3I7q

operating costs go down which means the stock price “should” go up. those who remain/offshore are expected to make up the difference for the loss of associates.

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Post ID: @ymv+1vmU3I7q

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