UnitedHealthcare offers certain benefits to operations employees with voluntary buyouts if they resign by March 3. Those who decline may be reassigned or face layoffs if the company does not meet its resignation quota, according to an internal resource site. The company has not disclosed how many employees received buyout offers under the Voluntary Resignation Separation Program. The move follows a year of cost-cutting at UnitedHealth Group amid rising medical expenses and fallout from a cyberattack on its subsidiary, Change Healthcare. Shares closed up 2% Wednesday.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02UnitedHealthcare is offering certain benefits to operation employees with voluntary buyouts
00:07if they resign by March 3rd. Those who decline may be re-assigned or face layoffs if the company
00:12does not meet its resignation quota, according to an internal source site. The company has not
00:17disclosed how many employees received buyout offers under the Voluntary Resignation Separation
00:23Program. The move follows a year of cost-cutting at UnitedHealth Group amid rising medical expenses
00:29and fallout from a cyberattack on its subsidiary Change Healthcare.
00:33Shares closed up 2% Wednesday.
00:35For all things money, visit Benzinga.com slash GSTV.