UnitedHealth caps employee pay raises to 2%, Bloomberg News reports
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The corporate logo of the UnitedHealth Group appears on the side of one of their office buildings in Santa Ana, California, U.S., April 13, 2020. REUTERS/Mike Blake
Feb 27 (Reuters) - UnitedHealth Group has limited employee pay raises this year to between 0% and 2%, depending on performance, Bloomberg News reported on Friday, citing a person familiar with the matter.
* The modest compensation increases come as the companyrecently told an unspecified number of workers they were beinglaid off, Bloomberg reported, citing the person. * UnitedHealth did not immediately respond to a Reutersrequest for comment. * The company earlier this year said 2026 revenue would decline for the first time indecades. * The company's shares were also pressured after the Trumpadministration proposed a much smaller-than-expected increase to2027 Medicare Advantage rates.(Reporting by Sneha S K in Bengaluru; Editing by Tasim Zahid)
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