Thread regarding Humana Inc. layoffs

Reuters on Dec 11, 2023 posted headlines:
Cigna abandons pursuit of Humana, plans $10 billion share buyback. The couldn't agree on price.

“ 5 - Chances are Louisville locals will be eventually shut out and continued to be scaled down as the corporate presence here and the tower has already been vacated. They'll have the usual interstate warfare for jobs and headquarters to whomever can give the corporate the best state and municipal tax deal - AKA - how much corporate welfare they can pull out of the taxpayer to funnel into their executive accounts or for the rich shareholders in the new companies.”

I think this is VERY LIKELY! I agree wholeheartedly. Cigna enforces a hybrid model, while Humana is centered around remote workers, for the most part. Cigna has multiple headquarters in multiple states. Cigna has headquarters in Connecticut, Atlanta, Arizona, Maryland, New Jersey, Massachusetts, Missouri, and Pennsylvania.

Once the merger goes through, do you think Cigna will implement a mandatory hybrid policy and pull ‘An Amazon’. Meaning… you need to relocate to any of these 8 states and start working a hybrid model ant any of those offices, and if you don’t want to, you will need to find another job — type of thing? This ultimately would lead to many people leaving in droves, which will save the company money and reduce costs. Do ya’ll think that would be likely, or would that be a bit of a stretch?

For those that aren’t aware, last year, Amazon enforced an “in office policy” and required that individuals had to live in that states that they were headquartered in. This was mandatory. When people didn’t want to uproot their entire family and move to those particular states, the Amazon CEO was quoted as saying: “If you’re not interested, then it’s probably not going to work out, so you’ll need to find another job.”

This is very likely going to happen, especially if the election results this year result in a much more favorable FTC who wouldn't block a merger, because everyone at this point knows which side is going to let corporate greed run amok without and checks and balances.

After this happens, you'll see the usual end results of a mega-merger:

1 - The C-suite execs and VPs all increase their pay or golden parachutes due to 'increased responsibility.' They all come out a lot richer, or with heavy buyouts if the position is eliminated, because of course - they're the ones making the decisions so they're going to pat themselves on the back.

2 - The rich shareholders at Blackrock for Humana, and whoever the big backers at Cigna are will definitely approve it because they get richer. Depending on where someone's 401K is, it might go up a pittance, but the big dogs will add tens of millions to their accounts and see that number go up.

3 - You'll get the business as usual types of emails about change, while behind the scenes they're preparing to eliminate 'redundancies'. Don't need two of everything now in the merged companies, so once again employees will get the axe.

4 - With less competition in a merged company, long term the prices go up because there's no one to keep them in check. Especially in a hands-off government that lets corporate 'rugged individualism' go wild. Insurance premiums in several markets go up, more profit for the rich shareholders and C-suite execs that live for that number going up.

5 - Chances are Louisville locals will be eventually shut out and continued to be scaled down as the corporate presence here and the tower has already been vacated. They'll have the usual interstate warfare for jobs and headquarters to whomever can give the corporate the best state and municipal tax deal - AKA - how much corporate welfare they can pull out of the taxpayer to funnel into their executive accounts or for the rich shareholders in the new companies.

Then life goes on, and everyone is told they didn't work hard or smart enough to keep their jobs and then people keep the same scapegoats they always have for losing their living. The cycle continues with the next megacorp.

Unless there are concrete developments underway, it would be wise for Cigna to hold off and observe Humana’s stock price decline further (potentially below $250), given that it is currently the most fitting buyer.

Cigna is making most employees return to the office. Wonder how that will work if your job were to survive a “merger”

He is gaslighting us.

Where there’s smoke, there’s a fire. So Jim’s answer in the town hall was the answer- yes, Virginia, we’re getting into bed with Cigna. This has ALL been planned, probably before Bruce announced his retirement. Whether or not the DOJ will approve such a marriage remains to be seen.

There wouldn’t be an NDA if there wasn't something in the works.