Thread regarding Centene Corp. layoffs

Before you jump ship, look at the layoffs happening elsewhere

People, this is how the industry works. Centene is not different from it's competitors in the need to downsize and restructure following waves of M&A. This happens.

Look at the thelayoff.com pages for any of the other top 10 payers and you'll see what I mean. It's the same story everywhere. It doesn't mean the knell of Centene has been rung, or that Centene is a horrible place to work. It's business. This is reality. Centene is a company, it's not here to coddle you. If you want to avoid the next round of layoffs, do your job and do it well. Get noticed. Stand out. Be part of the solution, not part of the problem.

The culture of Centene is terrible. People who have been there for decades are entrenched in their silos. Nobody wants to help each other, or trust each other, or work together across the different departments to solve the problems of the company. If the company is in bad shape, it's that culture that's to blame, and every employee is responsible for it.

Maybe instead of coming on here to b–ch about your employer you do something to change the environment, or something to make the company successful?

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| 2501 views | | 9 replies (last February 10, 2021) | Reply
Post ID: @OP+19lkIF3J

9 replies (most recent on top)

"Firing 4500 employees in a pandemic" – no, they fired 3000. The other positions were prospective and hadn't been posted, let alone filled.

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Post ID: @kjt+19lkIF3J

Will–MFN is 75 and has been in place for 25 years. He's fossilized in place and is desperately trying to find a way out of the morass that Centene has become. FYI, Centene is floating $2.2 billion in senior notes due 2031, mainly to pay off senior notes due in four years, 2025. Building a cash position in order to make more acquisitions...which will be lumped into a dysfunctional structure that apes UHG...generating more layoffs.

Centene can't acquire its way out of the mess it's made. But perhaps they can sell their way out. A target for a corporate raider type like Bill Ackman?

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Post ID: @xty+19lkIF3J

Guest it’s time to maybe start a small business, just laid off from Magellan and Im retiring at 52

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Post ID: @ism+19lkIF3J

What a dumb@ss post. Are you serious? I was the best at what I do and still got laid off. I don't know what kind of world you live in. Michael Neidorff, if you're on here posting then you should just say so.

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Post ID: @bbf+19lkIF3J

Firing 4500 employees in a pandemic when the ceo is worth 500 million and 70 some years old. What a scumbag. With a salary like that, Americans are incredibly stupid to think that think this healthcare system is more affordable than Medicare for all.

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Post ID: @mkz+19lkIF3J

Even w MFN trying to pump up investors today by announcing his cost cutting measures through firing people, plan to see Centene stock price remain in mid to low 50s through second and 3rd quarter. Best case scenario is that UHG, Humana and other payers don’t want to take on new Marketplace or Medicaid members and Centene can stay flat just one more year and the remaining workforce can keep their positions.

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Post ID: @aum+19lkIF3J

From what I see here, Performance Does Not Matter. Especially if you are from an acquired company. You maybe have a 1 in 10 chance of sticking. Nor if you are the essential person in a unit who does that particular job. Your job is parceled out to others, adding to their nights and weekends.

What I found notable was that no other payer publicly trumpeted, on the very day of their 4th Q earnings announcement, layoffs. This made the same headlines as the 4th Q performance in the healthcare press. Not UHG, CVS Aetna–none. They may be laying off staff or freezing hiring, but keeping quiet about it. MFN felt the great need to make that announcement today. One should be asking–why?

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Post ID: @bzg+19lkIF3J

Maybe people are just tired of working 80+ hours on a weekly basis and management doesn't do a damn thing about it.

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Post ID: @ajf+19lkIF3J

LOL, exactly. These people come here and complain and it just perpetuates the negativity.

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Post ID: @gjc+19lkIF3J

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