Thread regarding Humana Inc. layoffs

It’s only about profit

Welcome to capitalism. People get confused that these public corporations are in it for anyone but the wealthy shareholder conglomerates and C-suite execs (who are also wealthy shareholders for stock options.)

The law is executives have to prioritize shareholder wealth, basically the only function for them is to profit for themselves and shareholders - who are also wealthy. They also treat it like they're doing everyone a favor by being rich, living in excess, and being greedy as an ethical obligation.

In the 80s they tied 401K's to the stock market by default, so if you revolt as an employee or customer, they hold the comparative pennies people make on their retirement plan to their billions hostage.

Look at the past 10 years, Humana has made around $100 billion dollars or more off of taxpayer Medicare dollars. So you're not only paying Bruce and others like him with low wages, you're paying him with paycheck deductions as well. Everyone is.

No matter how many town halls and togetherness good feels they try to push, they literally exist for one thing: greed. Nothing else. Don't get it twisted, they corporations are not your friends or family.

Thanks for summing it up, @fdx+1qWDqs08.

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| 823 views | | 2 replies (last February 13, 2024) | Reply
Post ID: @OP+1r2Lp6dt

2 replies (most recent on top)

OG poster here on this just checking in when I posted that in another thread. A former employee who left on my own accord with a very high paying position because of the above and saw Humana from business side, IT, and various other positions since I didn't have much of a problem moving around and turned down a few promotions to move higher because it never felt right to me to be one of 'them.'

I think a lot of people are a bit into the Kool-Aid thinking that these execs are smarter than they are, or have been anointed like some Greek god. They're not, and you would be surprised how completely oblivious they are to how things are run, and how much money they burn on poor decisions due to their ignorance. I personally witnessed and heard an AVP in calls semi-often AVP burned through tens of millions on a project related to the group insurance arena and may have been a factor in Humana leaving the market altogether. All because simplistic root cause and remediation of the problem wasn't comprehended, and it was always fall-back to buzzwords like efficiencies, automation, etc - as if there's this magic vacuum cleaner that comes from the sky from a vendor contract to do so.

Also, no employee owes Humana anything. I understand having a sense of gratitude in life that it could always be worse, but any employment is purely transactional. The green values they push or the town halls and so on, its all branding and pretense. HR keeps corporations legal, they're not your independent buddies to fix an incompetent leader or co-worker. You don't have to worship at the foot of an employer because you have a position there and pretend its a benevolent community any moreso than you do going to pick up a cheeseburger from McDonalds.

In the end, none of these internal public facing people are as enlightened as they made themselves seem to be in town halls with Powerpoints others prepare for them. They're figureheads that work remote in DC or wherever they live putting on an act, sit on Zoom, Teams, or Cisco calls and throw in their two cents of unchallenged direction whether it's horribly uninformed or not. They exert minimal actual effort, with little research and nuts and bolts actions, everyone else does it for them.

Then they take their stock options out each year for millions and pat themselves on the back that its their reward for being so moral and ethical for creating 'shareholder wealth' off the backs of the American taxpayer's Medicare paycheck deductions, avoiding paying medical claims that lead to deaths, and laying off employees due to their incompetence and greed.

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Post ID: @1aok+1r2Lp6dt

Mic drop

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Post ID: @1vab+1r2Lp6dt

Correct

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Post ID: @1ydw+1r2Lp6dt

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