For those familiar with programs like the VSP

Is it standard practice that some "applications" may be denied? As in, you could accept the VSP terms only to be rejected anyway? My manager made our team aware of this possibility without coming right out and saying it. He said "not everyone will get accepted" which I found out.

Obviously Centene stands to benefit from seeing how many people will bite before giving them the green light. They benefit, again, from having a final headcount by 7/2 so that they don't accidentally over-correct. Not that it makes much sense to offer the VSP to so many employees that Centene could end up needing to hire people when all's said and done, but clearly leadership isn't the brightest...

This is the first I've ever heard of one of these programs. I'm trying to gauge whether Centene's being extra shifty with the "your application may not be approved" sh-t, or if that's standard.

#VSP #VoluntarySeparation #Headcount #Selection #Uncertainty

Comment! It's anonymous!

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@am this is the third company to do this that I've worked for in a decade. This isn't new.

My previous company said the same thing. Then accepted all plus more! Layoffs were still done after that

@a1 Nothing is anonymous within this organization. Nothing. So how sweet, they want us to give them notice of an intent to leave, yet they are giving us nothing in return but waiting. I have never seen a company do this. Ever. I guess this is going to be the new AI way.

From my understanding, you are correct - this is an application - meaning it will undergo an approval process. You absolutely can accept the buyout only to find out later it was denied. But as another commenter mentioned, if an entire team accepts the buyout, they can't let that happen.

From some of the folks that were actually able to get in (text verification isn't working right now for most people), the buyout offer isn't much better than what they offer for severance - only difference is some states will not allow you to get unemployment benefits if you take the buyout because that is considered voluntary termination of employment. Some states like CA and OR, however, do consider that part of a bigger RIF situation and can approve unemployment benefits. Also, remember - if you have any outstanding 401K loans, they are due upon termination of employment.

This is ridiculous! They over hired for many of the functions and now this! I know we have lots of external hires, not sure why those are not the first to get some sort of 'you are no longer needed' notice instead of the FTE's.

So I don’t think they want entire teams taking it and thus ki-ling a team with a core function.

Leaders will know if you submit because they have to assess structure and headcount post application period.

no idea but supposedly if your rejected then your manager never finds out........SUPPOSEDLY

Thread regarding Centene Corp. layoffs

For those familiar with programs like the VSP

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