Sad part is most employees know nothing about finance. For all high-paying high-tech employees, if you earn a good income in the 30s, try branching out and investing on other business and you will learn some basic finance.
This company has $3B revenue and $1B gross profit, but after paying employees and research it negates all the profit.
Look at the number of employees, a startling 8700! A company with $1B hires almost 9000 people. Regardless of the area the business is in, the number of employees is overwhelming. There are plenty of companies with over $1B GP with less than 4000 employees. And the reason because the top management too slow and too late in executing mergers or buyout whatever you want to call. Many other industries are much more brutal in mergers and layoff 30% the first day of merger.
Offering VSP to older and senior employees is age discriminating. However does anyone sue health insurance companies for that? After the introduction of Obama care, companies buying health insurance need to allocate 30% more budget for insuring employees. It gets much worse (40%-60% extra) for companies with older employees. You won't notice this until you are self-employed earning middle class income and you will find out paying $15K annually on health insurance and you still have an impossible $13K deductible. A company easily spend $20K to $30K per employee just to keep the deductible down. Companies are more willing to offer education for young and healthy ones than paying for the extra insurance for older people.