Thread regarding Centene Corp. layoffs

They better not! I’ll effin freak!

Is there a kalshi poll for Centene yet? I at least want to make some money off of them dragging their feet

@e3 Im a PL, not quite a VP, and ill be honest when I say nothing has been shared with me at all. We truly don't know anything right now.

@bw no, when they let you go it will be on there date they give you. And whatever your state does for PTO weather it pays it out or not you need to be mindful as best your can and use it if you have to

@c6 I spoke with someone in HR who said no PLs have been notified by Corporate which employees have opted in for VSP. She said only VP level & above are aware. I don't believe it. My PL swears she knows nothing. I was also told that employees who accepted VSP would not be targeted for PIP, etc. But I don't believe anything that anyone says in this company.

I don’t think the notification of approval/denial will change. but I wouldn’t be surprised if they tell us they don’t yet know our last day.

my PL has shared that more applications were received than expected and most likely separation dates will be staggered.

@bw You mean layoff timeframe? I doubt it but they are rolling the layoffs for sure. Especially in CA- they can't lay off all at once and they will stagger. It will be a lottery for the rest of us.

@ae you think those of us laid off not taking the offer will get to pick our pay off timeframe?

Our supervisor nor manager has had a single meeting since the announcement. We don’t know what’s happening aside from here and what say…

I applied for the VSP and also haven't received any feedback from the company about it by email. It would be nice to hear something soon.

@b5 Congrats on your (possible?) retirement!

@aj, me too! In any case, Dec 31st will be my last day. I turned 65 earlier this year

@OP I haven't gotten a "pick your separation date" email. Are there others of you who applied for VSP who also haven't received that email?

If they keep pushing it out beyond what’s been said already l would resign (which I know they would prefer) rather than hanging on for who knows how long.

@OP While their behavior gives us all reason to be suspect, with investor call, I feel that will know by the 27th. What has me more worried is the separation date. Will it be Sept. or does the letter say to pick a date and we wait again. Personally, I want to wrap this up asap. Good Luck Everyone.

I think they will start sending them Monday night which is a week from tomorrow and people will be getting the responses all that week. I predict many more people will be asked to choose a separation date which could possibly be in 2027. Then the real party starts within the next 2 weeks. RIF will be without warning or lead time and there may be no predictable pattern. This is what happens when very large numbers are involved. You just can't predict and even the state you are in may be critical in the sense of timelines.

Boy i hope not. I think they have had more than enough time.

In my opinion, they are going provide an update with a finalized date on the earnings call about VSP to their investors and perhaps a reason why. investors want clarity , i don’t think kicking the can down the road bodes well for their stock. The restructuring/VSP result date is just too close to their earnings call to be a coincidence,