Thread regarding Centene Corp. layoffs

Q1 pretty good for the company

https://www.fiercehealthcare.com/payer/centene-raises-guidance-as-q1-profit-soars-to-699m

Everything's up from Q4 2020 of course but the kicker in the deck in the article is about halfway down:
"The results fell short of Wall Street expectations for earnings but beat projections for revenue, according to analysts at Zacks Investment Research." How much they were under, and performance to date for Q2, will determine the extent of further layoffs, IMHO, but it's not if but when, what areas, and how many will be affected.

As to Magellan (closing 2nd half) and Centene people overlapping with Magellan, if you're not looking hard, you're foolish. The spring and summer are slack times in the market...but behavioral health is hot, so get out there and don't be a deer in the headlights.

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| 1285 views | | 3 replies (last April 28, 2021) | Reply
Post ID: @OP+1azOGU0I

3 replies (most recent on top)

Centene stock fell today again and has lost over 10% of its value in the past two days! That is not pretty good for this company.

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Post ID: @1kuu+1azOGU0I

Not very good at all. The stock fell over 7%! It lost $4.69 in 1 day.

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Post ID: @obh+1azOGU0I

Do y’all think the hiring freeze will continue? I keep getting strung along as a temp employee and I’m thinking about quitting at the end of this contract because they won’t hire me.

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Post ID: @zlp+1azOGU0I

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