For those of us that were part of the last round of Optum layoffs on 6/17, you have to love this comment, taken from the Star Tribune article on UHG/Optum's Q2 results:
"Earnings from operations at UnitedHealthcare jumped from $2.6 billion in the year-ago quarter to $7 billion during the three-month period ending June 30. The profit margin at the health insurance business was about 14%, compared with about 5% in the year-ago quarter.
UnitedHealth Group is Minnesota's largest company by revenue, with more than 320,000 employees worldwide.
"We maintained our full workforce," Wichmann said. "Nobody has been laid off or furloughed or dismissed because of COVID-19." "
Thanks for that Dave. Meanwhile, we are 18 months into the 24 month "Growth" review w/ Mckinsey, which is the braintrust behind the staff reductions.
So happy to hear that no one was laid off because of COVID-19, just a host of other reasons we won't admit to the Public.
For those still there, watch out. More rounds coming in September and December.
Just remember, Growth (stock price), Growth (stock price), Growth!
Just like the DotCom companies in 2000, Senior Leaders addicted to that stock price runup.