Is there any truth to rumors about October layoffs?
49 replies (most recent on top)
Yep just announced by the CEO internal memo - plans to lay off approx 2,000 workers or over 3% of employee base. Announcement coming Thursday 9/28
yep :(
In the new Centene is more about who you know instead of how good you are , the have fired great people, so I would not even think about it, because you are not in an organization where doing your best that matters much .
@ajtz+1ozoUIxO I think your leader gets a say in it. I could be wrong though. It’s not as random as people are making it seem.
How do they know if an employee adds value? If every employee gets meets expectations (I know some that receive that 10 years straight). Are leaders accurately identifying who the contributors are? From what I’ve seen its not based on facts. What are the metrics to determine who does a good job if everyone meets expectations?
I thought someone mentioned that October is the last month for those that were laid off; and no further layoffs planned?
Anything confirmed about October?
Yep,they have been changing backwards non stop since the poet is there. At the pace it goes there will be no Centene
This company cannot and should not aspire to be what it used to be. That’s part of the problem.
We must change. We have to compete and we cannot do that today the way we are structured by based on teams or technology.
The good old days are gone. Let them go. The world and industry has moved on. We need to do the same.
You’re absolutely right. It’s not what it used to be.
This company is not what it used to be, there used to be some respect for your knowledge, experience and seniority, right now doesn't matters if you are and SVP or a call center rep, if you add value or not, it is more like Russian roulette, it has become the synonym of fear, intolerance, instability and unpredictability. It is not anymore that safe haven to be fully invested or think about a long term career, so if you are losing your job, don't feel bad, very likely there something much better out there for you.
The buttoned up commenter isn’t elaborating. They’re stirring the pot.
I would not try to make much sense of what they are doing because it does not make sense at all. They have a CEO that is just a puppet storyteller that does not have much of an opinion in making decisions because the few she made have been bad and horrible decisions; though they need to keep her there just to avoid bad press, the board and Drew are the ones who seem to be running the show, there are also few new hawks they had brought from Humana sitting there playing the game of culture just waiting for an opening slit the CEO throat, it is messy, the only clear thing is that they have SG&A initiatives in places, more layoffs, which may continue until there is some sign of stability in the margins, plus more stock buybacks, Savagery, arrogance and disrespect for people that have been there is normal, treated just like a numbers. So lay offs will continue for a while.
I would venture to guess that's more headcount than cost? Can't speak to other areas of the company, but IT adding an entire layer between the VPs and the C-suite. All of those roles will be mid/high six figures TC.
We've also seen an absurd number of contractors come on board in the past 6 months.
Curious if the 20% commenter can elaborate. 20% reduction in FTE expense is very different than 20% reduction in head count. The cost of one VP can easily be the equivalent of 3-4 individual contributors, and Centene sure has a lot of VPs.
I do. You don't just throw around a phrase like "buttoned up" all wi--y nilly.
Not believing this 20% comment.
Explain more. 20% across the board by when? Any more details supporting it or is it just a rumor?
I can see 20% across l say 5 years with natural attrition and regular RIFs. But certainly not in one massive layoff.
20% of 68,000 people is huge. 13,600 people?? That’s an insane number, even if you include infilled and open headcount.
“Yep, everything just got buttoned up last week in StL. 20% across the board.”
Not following. Say more?
Yep, everything just got buttoned up last week in StL. 20% across the board.
@3ozv+1ozoUIxO He yells at people??? He needs to go. That isn’t okay. I feel sorry for the people who have to report directly to this person.
Wellcare has not been ever solid as you said in STARs, results prior to two years ago were adjusted due to Covid, everybody in the industry knows that, the Wellcare model before COVID didn't work either, before the acquisition they throw millions over millions on it to improve STArs, just right before selling the company , that might be what you are referring to, but their numbers weren't great either compared to other players in the industry, there weren't that glory days in Wellcare StArs as claimed. There was a good attempt to fix permanently with Michael ,Jim as Coo and the CQO, both seasoned executives with history of success in that area , rumors has it they fu-k it up again, giving the reins of STARS and most of the whole quality program to a guy who is a finance guy, that doesn't knows quality , and that everybody hates because all it does it is yell to people, but he is close to Drew, so it is messy and it is going backwards big time, because they don't know what they are doing and what they will need to do in this changing environment, which is harder to improve the score with the new measures just introduced. Maybe it will get fixed miraculously ,but based on what is going on the ground, it will get much more worse.
There’s a lot of activity in Medicare right now. Obviously the quality scores hurt. Remember though that those scores are 2 years or more lagged. So the scores of today are from issues introduced 2+ years ago.
The WellCare acquisition was for their Medicare business. In that first year they got rid of a lot of key WellCare people and tried to force Medicare to be run the Centene way. Centene knew Medicaid but Medicare was as different beast. They put Centene people in charge who proceeded to dismantle what worked for WellCare. It was a nightmare.
Say what you want about WellCare but it’s quality scores for Medicare we’re solid and they had a good pulse on that business.
So yeah - Medicare definitely has issues. Many of them are from the beginning of that first year of the acquisition.
All that said, I hope they sell off Medicare to
Humana. The problem is, with scores like this, it’ll be at a loss.
The beauty of it all is one of our biggest problems right now (lack of system integration) might be one thing that makes it easier to carve off Medicare to the potential buyer.
The words from some insider is that medicare is doomed to fail, Stars results will get nothing but worse, there were made some changes in quality around stars and everybody is discontent, unhappy, demotivated, there is not good leadership or direction ,there is no a good action plan around it , so very little chances for a path to recovery in medicare. So , you will likely see Medicare ramp up layoffs after q3 and Q4 results and after that down to the bone, I think if they are smart enough they would sell the Medicare business before it gets much worse than it is, but who knows what the id--ts in charge plan will be
No medicaid mostly
To be clear, are the layoffs only on the Medicare side? It’s been really quiet in my neck of the woods, and honestly I’m worried.
The February timing suggested below seems to verify. Medicare will have a better idea from an enrollment go live perspective. It also gives them time to stabilize newly launched benefits before cutting headcount.
Comments about CEO aside, there are some upper management that does care about what is going on and they are leaking info about what is coming. All layoffs should be completed by February so, there will be more. I applaud them because they have been threatened with losing their own jobs if they talk about it.
Sarah the poet is not there to lead, she is just there to play the game and get wealthy, she is playing it right.
I don't think the wave of lay offs will slow down anytime soon as long as Sarah the POET is there. She is an ok talking head, so it may have to wait a bit until the board decides they a need leadership instead of a puppet .
Looks like the id--t posted several times in a row again. If your anonymous posts here are any indication of your professionalism and personality, I hope they let you go.
To the original poster... I hope all these comments were helpful in figuring out if there are fresh layoffs for October. Lol.
I think everybody knows that Sarah is just a scam and a healthcare fraud who wants to get rich overnight on the back of an organization that still at its core has good people . Honestly, a poet is the less pejorative thing you can call it.
That Drew guy keeps saying the CAGR, the CAGR, to sound smart, could someone stick the word CAGR in his a-s, dude Everybody that works in finance knows what is the compound annual growth rate and how to calculate it as well; they are asking you how to fixed Stars that and your WellCare friends screwed up and is making it worse, numbers in redetermination, not just so far so good, data on utilization. All he can say is that we have SG&A initiatives, which are firing people, and the GAGR of what used to be a company growing is shrinking and becoming less profitable.
I agree Centene in last year has made leadership changes that make no sense Performance starts at the top, if those are in charge of the company are just ra-ing it and not qualified, what you expect to be a hired from them, that had a ripple effect
There are many VPs, Directors, Managers within the org that have no experience or background in healthcare. Every posts mention poor leadership so how are those two that are mentioned the most to blame? #Just curious
Not sure how it happened but they do not have strong operational leaders in Centene anymore, but they are all gone, so no one who believes in doing good work has your back, That Drew guy, the CFO, is the one running the show and Sarah or the poet, she is more like a puppet that likes to talk but when push her just a bit on some of the nonsense she says she can't answer and you realize she is just a scam, so if you are let go, do not be surprise, is not a reflect on you, is just that Centene has the most incapable leaders they have ever have, it is not good to be there anyways.
I heard last day is 10/6, and those being laid off were already notified.
She proclaimed herself a data geek poet, but yeah. The poet and Drew are there just to cash in, they don't know how to run the business and all they are doing is cutting sg&a non stop, they know the stock price is rock bottom and it has happened under their watch, so they were served a notice Drew , this is a guy with a huge ego, has advised firing mercilessly every body so they can show a bit of margin improvements, they only care about their millions in comp, just despicable human beings , you grind them and sp-t out sh-t
Agree. The id--t who constantly mentions “the poet” on every post - they clearly aren’t working much during the day. It’s getting old. We hear you - you’re not happy. You think she’s got no skills and is merely a poet in disguise. Let it go. Posting it 100x isn’t going to fix your situation. Only you can.