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CVS Health's Caremark, Cigna's Express Scripts and UnitedHealth Group's Optum control the majority of the U.S. pharmacy benefit market, with their parent companies also operating health insurance ...
Already in 2024, companies across the nation have experienced massive layoffs — some hitting close to home in Louisville. Companies like UPS, Microsoft, American Airlines, Business Insider and ...
Mar. 2018: Optum announces Larry Renfro to step down as Optum CEO [26] Jul. 2018: Sir Andrew Witty starts as CEO of Optum [26] Feb 2021: Sir Andrew Witty appointed as CEO of UnitedHealth Group (Optum's parent company). No successor to the Optum CEO role is named. [27] Apr. 2024: Heather Cianfrocco named CEO of Optum. [28]
Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health care company by revenue. The company is ranked 8th on the 2024 Fortune Global 500. [4] UnitedHealth Group had a market capitalization of $474.3 billion as of July 15, 2024.
Embracer Group made multiple layoffs, game cancellations, and studio closures between August 2023 and March 2024 after its $2 billion deal with Saudi Public Investment Fund fell apart. The company reportedly reduced its headcount by 7,761, closed or divested 44 internal and external studios, and decreased the number of game projects by 80.
More than 900 business leaders across the country expect significant layoffs at their companies in 2024, according to a survey. Thirty-eight percent of the 906 respondents said they think layoffs ...
That year, it partnered with UnitedHealth Group's Optum Health to launch RVO Health. [36] In May 2023, Red Ventures agreed to pay the United States $2.75 million to resolve a whistleblower's allegations that they violated the False Claims Act [37] by underpaying on contracts connected to the USPS change-of-address process. [38]
The media and entertainment industry's reckoning continues in 2024 with more layoffs, as rising costs and debt-ridden balance sheets continue to weigh on the embattled sector.