UnitedHealthcare is offering buyouts to employees in benefits unit, could pursue layoffs, sources say
Publishing timestamp: 2025-02-19 17:22:17
Summary
UnitedHealthcare is offering buyouts to certain employees in its benefits operations unit following a tumultuous year for the insurance giant. If employees do not accept the buyout offer, layoffs may occur. The company is trying to cut costs amidst rising medical expenses and fallout from a costly cyberattack. Employees who received buyout offers are in shock, especially after the company reported its highest-ever annual revenue in 2024.
Sentiment: MIXED
Tickers: UNH,
Keywords: united states, biotechnology, pharmaceuticals, health insurance providers, labor economy, breaking news: business, personnel, biotech and pharmaceuticals, health care industry, layoffs, business, insurance industry, business news, jobs, unitedhealth group inc,
Source: https://www.cnbc.com/2025/02/19/unitedhealthcare-offers-buyouts-could-pursue-layoffs.html