Thread regarding Molina Healthcare Inc. layoffs

He has only achieved 55 million of $200 million staff reduction goal

This is just an excerpt from the 2nd quarter results:

Restructuring plan now underway is expected to reduce annualized run-rate expenses by $300 million to $400 million upon completion in 2018.

$200 million total reduction to annualized run-rate expenses resulting from staff reductions expected to be achieved by the end of 2017 in time for full realization in 2018.

Annualized salary eliminations of $55 million achieved so far in the third quarter of 2017.

You all can stop wondering now. Yes your job will be cut. Bare bones will be left. Just enough to hold us over until thr sale of the company.

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Post ID: @OP+OAtKeWl

3 replies (most recent on top)

When hippos are upset, their sweat turns red.

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Post ID: @mfh+OAtKeWl

If you have a smart phone just google it :

an·nu·al·ized

ˈany(o͞o)əˌlīzd/Submit

adjective

(of a rate of interest, inflation, or return on an investment) recalculated as an annual rate.

"an annualized yield of about 11.5%"

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Post ID: @hgv+OAtKeWl

I'm not sure you know what the word "annualized" means.

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Post ID: @lme+OAtKeWl

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