How many more layoffs and failed restructures before they admit the real problem isn’t the structure, or us??
Find this person in “RIF happening today - Thursday - 7/31/2025”
If you read this post and thread you’ll find someone who said as follows “I was honestly hoping to be a part of these layoffs today, sadly all we were given is an increase in productivity making the job more overwhelming than it already is. Best of... — read more
Activist investor interest?
With the stock beaten down as much as it is, do you think there is the possibility that it will attract activist investor interest to demand change? It happened in 2021 so it seems possible it could happen again. One of the biggest differences is... — read more
Any word yet on how many?
And whether this will wrap up today?
RIF happening today - Thursday - 7/31/2025
Just received noticed that Centene (CenTeam?) is reacating to the $253 million dollar loss with layoffs. Just received my RIF with 12 weeks of severance and last day is 8/22/2025. Here we go folks - here we go!
Noticed
Remote work and the lack of being in an office/interaction make it easy to get hyper-focused on work and not notice that your team members are slowly disappearing. I noticed today that several members of my team over the last couple of weeks have... — read more
Another ex-Humana joins Centene IT as SVP
Do we need more expensive SVPs from Humana? We should get rid of the ones we already have.
How low will it go?
The decreasing stock price is very concerning…is it time to sell? How long before it rebounds, if ever?
CEO and CFO replacement
Would be a great sign to investor, they lost credibility, billions of wealth evaporated. They got rid of the best operators with their SG&A cuts, they cut the muscle too. They need to fire them ASAP, the earnings call was full of riddle and... — read more
London Calling Part 2
No mention of layoffs, right-sizing, RIFS, or reorganizing - but I still feel like they are coming on the DL.
I'm confused
Are layoffs happening this week or not?
Claims stateside are going to get walloped by the layoffs
I have been in claims for the last 8 years (and this is just speculation on my part based on what I am seeing & have experienced), is that claims stateside are going to get walloped by the layoffs. We are constantly asking for work (and I am in... — read more
The Centene Umbrella
So I know we all come from different health plans under Centene, has anyone been told anything regarding individual health plans that may be affected this week? Obviously we all know something is brewing in the background. I am just looking for some... — read more
London Calling
What is London Calling? A town hall or an email, and does anyone have any information/insight on this?
Dang! This place is sc--wed!
Can it get any worse?
Follow Up Email from CEO
I don't even know what to say anymore. I wasn't expecting a follow-up email and expecting even less that they would have any clear message to give us as to whether the axe will begin to fall and when - just a "wait until the meeting so we can tell... — read more
Securities Fraud
If you weren't worries before - you might should start now. Just saying that its just not looking good at all 2 days ago: Centene faces a securities fraud lawsuit alleging misleading investors with inflated enrollment and morbidity claims, causing... — read more
Centene stock down 10% after 2nd quarter loss
Big miss on 2nd Quarter 2025 earnings with a surprise loss and stock price down 10% in premarket trading 7/25/25. Investor call is at 8:00am Eastern time. Curious to hear what the strategy is going forward.
Molina reported earnings today. You can guess how that went.
Centene is tomorrow. Could well be even worse.
ESPP - Employee Stock Purchase Plan
Has there been any discussion regarding the stock purchase plan? Employees that have been participating have lost a lot of money. Are they still encouraging participation in any way? There are already multiple class action lawsuits that have been... — read more
Any word on this week?
I really don’t like my job here, but unfortunately, I need it.
Raising Premiums?
I just heard that they plan to raise member premiums to offset their... — read more
Garbage In, Garbage Out
That’s it. That’s all. Very simple.
So we are basically sc--wed?
Centene’s next quarterly earnings call is Friday 7/25/25. Considering that there has not been a peep made internally about the potential 1.8 billion dollar hit to earnings outside of the initial press release, they’re going to have to do something... — read more
WellCare Case Management Teams
Anyone have any knowledge on WellCare CM team layoffs?
Wouldn’t recommend
The culture is toxic, politics run deep, and everything feels disorganized thanks to nonstop reorgs. Management can be petty, and the leadership shift has tanked bonuses and left raises trailing behind inflation. There are no positives I can think of... — read more
Centene requesting a 20% increase in GA for 2026??
If that’s true, our analysts are as bad as political pollsters. That means they were off by a mile for 2025. And that’s without knowing whether or not the subsidies will be extended (they won’t). Ambetter enrollment is going to plummet, only leaving... — read more
The layoffs have started
I was just informed, unexpectedly, that four members of my team will be laid off next week as part of company-wide reductions. While my line of business isn’t directly tied to Ambetter Marketplace, it’s clear that the broader organizational cuts are... — read more
Worst performing stock
CEO and all wellcare and Humana chronies need out ASAP
Which government sponsored healthcare companies are doing well right now?
We all know that Centene is in serious trouble right now. Is there any government sponsered Healthcare company that is doing well? Heck, and I guess I should also ask how well are the commercial Healthcare companies doing? Are the commercial ones... — read more
Centene downgraded by Bank of America
To Underperform. Target price $30. Cited BBB passage. Eagerly awaiting turnaround plan from our fearless leader Sarah. You got this, girl boss. Right? Right?? Sarah???
Centene Stock Now Below $30 Pre-market
Centene stock is now below $30 in pre-market trading and there is no indication it is moving up.
I’m almost relieved the great MFN isn’t around to see what happened to his company.
I know it’s only a company, but I was watching Jim Cramer on his show the other day and he got a little emotional talking about Michael. If you ever had the pleasure of watching his segments with Michael, you could tell Jim had a fondness for him and... — read more
Direct Pay HealthCare System
I have been working in this industry for a few years now. Do you think we will ever live in a world without insurance and have a Direct Pay HealthCare System? Fundamentally, I find myself preferring a direct model over traditional insurance based... — read more
I think the only question remaining regarding layoffs is how many and when
No way we survive in the current structure. The subsidies will not be renewed. So I would think Ambetter gets hit first and hard starting 2026. Medicaid will be more of a state by state effect and will come later in 2026 and early 2027.
Sarah London where are you? We want answers!
Sarah London needs to step up to the plate as CEO and explain why Centene is imploding!!!
I applied for a job and got an automated rejection!
I'm just here to say ha, ha, ha!!!!! This company is toast!
Class action lawsuits filed all weekend
All weekend law firms have been bringing forward class action lawsuits against Centene for allegedly committing fraud against investors due to pulled guidance reports. Things are not looking good for the company.
Stock price hasn’t been this low since 2017.
And we are in the middle of a bull run. What else can be said? A disaster.