UnitedHealth Group has begun offering acquisitions to many workers, and layoffs could ultimately come, depending on the number of people opting for voluntary separations.
The Eden Prairie-based healthcare giant has not said a few issues targeting targets as part of what the company calls the “voluntary resignation segregation program.”
Current and former company employees and their associates have also contacted Star Tribune this week about buyouts and potential layoffs. Additional retirements are included based on tenure with UnitedHealth Group for those who take voluntary separation.
“This voluntary option is a continuous process to ensure that our team is in the best position to meet the evolving needs of those and customers who are honoured to serve. “It’s part of an effort,” the company said in a statement. “We continue to raise our workforce and hire talent based on the needs of our business.”
UnitedHealth Group is one of the largest companies in the United States, with the largest companies in Minnesota making money.
In April, CEO Andrew Witty said the company employs around 400,000 people. This is about 10% down from the 440,000 people listed in regulatory submissions as end-of-year personnel in 2023. One factor was the sale of UnitedHealth Group, a large hospital and clinic business in Brazil.
UnitedHealth Group is the parent company of a health services business called Optum and is UnitedHealthcare, the largest health insurance company in the United States. The company did not say how many jobs will be cut in the Minnesota business, which has around 19,000 people working for.
