Thread regarding Humana Inc. layoffs

"Long-term growth prospects for our company"

I don’t know how to interpret this optimistic long term prediction of our CEO....

“Humana's core operations remain strong as we continue to create value by growing our top-tier Medicare Advantage business, increasing the contribution of our Healthcare Services lines, improving the overall productivity of the organization, all while remaining focused on quality, as evidenced by 97 percent of our Medicare Advantage members in plans rated 4-stars or higher, and delivering a leading customer experience with our Net Promoter Score improving 930 basis points in 2021,” said Bruce D. Broussard, Humana’s President and Chief Executive Officer. "Looking ahead, we are confident in both the fundamentals of the Medicare Advantage industry, and the long-term growth prospects for our company. We expect that improved membership growth, further penetration in our growing and maturing Healthcare Services businesses, and our increased focus on productivity improvements will position us to deliver on our long-term earnings target in 2023 and beyond."

source https://www.businesswire.com/news/home/20220202005372/en/Humana-Reports-Fourth-Quarter-2021-Financial-Results-Provides-Full-Year-2022-Financial-Guidance

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| 1881 views | | 5 replies (last February 15, 2022) | Reply
Post ID: @OP+1f6MwZ50

5 replies (most recent on top)

Translation to normal people language: "lay people off to save money"

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Post ID: @dcxa+1f6MwZ50

“Humana’s core operations remain strong”… when you read the Forbes post the only profitable areas were provider services and pharmacy (aka core services). When talking about cutting a billion dollars to reinvest in other programs to try and reinvent themselves means anything that is dead weight will be contracted out, sold off or eliminated.

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Post ID: @3sfb+1f6MwZ50

It’s the same language that’s been used for years when the company isn’t doing well.

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Post ID: @2ylu+1f6MwZ50

“and our increased focus on productivity improvements “…means RIF to reduce overhead and more work for those who are left. Otherwise it’s word salad.

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Post ID: @fhc+1f6MwZ50

You are not alone. You can't be failing and successful at the same time.

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Post ID: @yvt+1f6MwZ50

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