Hard to believe anyone thinks layoffs and cut backs at Molina are a temporary situation. Or that we are lucky survivors. I’m worried I am sticking around for severance that I won’t get. I have seen good people and not so good people let go. The only reasonable take on what is happening, is that Molina is sunsetting . It doesn’t appear, to me, that Molina has made efforts to turn itself around. It continues to reduce administrate costs via outsourcing large business units, reducing work force, paying out less severance and selling portions of its business, in order to appear profitable. Molina inflated its stock value with a $65 million stock buy back. There isn’t a storm to be weathered at Molina. It is just a long, slow burn until all the remaining members are sold. How anyone thinks the worst is over is mind boggling.
Bumped from @UKw29rc-7wkc, well said.