Thread regarding Centene Corp. layoffs

MFN. greed is good, he is grabbing as much as he can before he is gone from centene and this planet (he is way too old) what a way to go! this man is what is wrong with society in this days! sad part, many, many like him!

59 million dollars would save on average about 500 employees. You see why they laid off 3000. They save more and can give the rest to the CEO. 500 employee salaries to him. 2500 employee salaries to the company saved. Pretty good return on investment.

Now if everyone at Centene would boycott coming to work he would be gone in less than a week. Not even everyone, a large percentage would create huge issues. But the work is IF. Only would happen if you had a union.

But the 94 percent remaining will not do that. Not during a pandemic.

Centene continues to be three years behind each of their competitors in terms of technology and innovation. Sarah London cannot make up this gap and have any chance of competing with Optum. It is too little too late to satisfy Wallstreet’s concerns that a corporation can sustain itself on 2.5% margins with primary lines of business in government sponsored healthcare.

We continue to grow by acquisition to publish number of lives served yet with every acquisition comes more fires to put out and Zero Dollars, time or resources invested in innovation and digital modernization.

Our stock will hover around $60 for the year while Humana, UHG and Anthem our competitors serve these lives better w technology and continue to gain market share over us in Marketplace and Medicaid lives.

Expect thousands of additional layoffs from Magellan and Wellcare and Centene in early 2022. Our jobs are absolutely not secure under the current Centene business model.

Pure corporate greed + government subsidized