Unitedhealthcare offers buy -outs, could follow layoffs
A general view outside the United Healthcare Corporate company on December 4, 2024 in Minnetonka, Minnesota.
Stephen Maturen | Getty pictures
Unitedhealthcare offers certain employees in the unit of service operations the opportunity to accept Buyouts if they canceled for the insurance giant by March 3. After a turbulent year, CNBC.
Those who do not accept the offer are continued in their current role or in a comparable position, two people who are familiar with the matter said CNBC. If the company does not meet with a withdrawal rate through buyouts, the employees will be released, according to the people, citing an internal resource site.
The company rejected how many employees received Buyout offers as part of the so-called voluntary resignation program. The unit of the Operations services monitors several subdivisions with which customer service, claims, the enrollment, the insurance benefits of customers and more are managed, one person said.
Unitedhealthcare, the arm of insurance from Unitedhealth GroupIf the largest private health insurer in the US Unitedhealth group is more than 440,000 employees in December 2023, however, it is not known how many people work in their performance segment or overall insurance business.
The Unitedhealth Group is the largest conglomerate for healthcare in the USA, based on the income and market capitalization of around 460 billion US part -time changes in healthcare. Even after killing the CEO of the insurance unit Brian Thompson in December, it was exposed to a new anger about high health costs in the United States.
Employees who come into question for the Buyouts include full-time or part-time US employees who are assigned to four internal segments within the framework of services, including company, consumer business, core and provider services.
“This voluntary option is part of our ongoing efforts to ensure that our team is best positioned in order to meet the developing needs of people and customers who are honored to serve to serve,” said a spokesman for United in one Explanation to CNBC. “We continue to expand our workforce with more than 3,200 positions that are currently available at the Unitedhealth Group’s career.”
The company expects that the employee’s date of termination will not be earlier than on May 1, according to the memo. The memo said that some employees who accept Buyouts may have to work beyond this date, but the company does not expect to have to work after November 13th.
Your severance payments depend on the number of years you have spent in the company and its salary grade and will occur in your termination date, the memo says. According to Memo, the advantages that employees who are included in potential future layoffs may not offer “as cheap” as those who offered employees as part of the Buyout program.
Workers who received the buyout offers are shocked, said that the people familiar with the matter, especially after the Unitedhealth Group reported its highest annual turnover in 2024. In its earnings publication in January, the company said that it generated sales of $ 400.3 billion in 2024, and in 2024 income, 8% compared to the year.
In the fourth quarter of the company, the executives of Unitedhealth said that the “digital adoption” reduced the costs. CEO Andrew Witty called it a “modernization agenda” that includes artificial intelligence that is not limited.
He added that Unitedhealth is “only a kind of scratch on the surface of the chance”.
The workers were informed about the Buyouts on Monday during a meeting that lasted about 10 minutes and was announced that they would have the opportunity to ask questions in information meetings in the coming days, people said.
The Buyouts follow the Thompson shootout, which excluded a stream with pent -up anger and resentment against the insurance industry and renewed reforms.
This came only months after the change in healthcare that processes medical claims, in February 2024 from a cyber attack that affected the protected health information of around 190 million people. The Unitedhealth Group has paid more than 3 billion US dollars to the provider affected by the cyber attack.
The Unitedhealth Group also released employees in its Department of Optum Health Services last year.
The company’s shares closed 2%on Wednesday.
