UnitedHealthcare is providing buyout offers to some employees who are leaving the company by early March. The healthcare giant is targeting workers in benefits operations with this voluntary option. If they opt out, employees can stay in their current position or a comparable one.
However, if a certain number of workers don’t resign through buyouts, UnitedHealthcare will have to lay people off. The offer comes two months after the company’s CEO Brian Thompson was fatally shot outside a Manhattan hotel.
UnitedHealthcare is part of UnitedHealth Group, the largest private health insurer in the US with 440,000 employees and nearly 16% market share. The buyout offers are part of the company’s efforts to restructure its workforce and meet evolving customer needs.
Internal memo details show that full-time or part-time workers in benefits operations are eligible for the buyouts. If layoffs occur after March 3, they will be terminated no sooner than May 1. Employees who accept the buyout offers may not have to work beyond November 13.
Source: https://finance.yahoo.com/news/unitedheathcare-offers-buyouts-employees-following-220819613.html