https://www.fool.com/earnings/call-transcripts/2024/02/06/centene-cnc-q4-2023-earnings-call-transcript/
Search for the word "headcount" in the article and read that section carefully.
Centene booked a $250M into books as PDR and if that cannot be made up with rate increases, there will be reduction in force in small chunks
Hard to say. The company will certainly survive - just needs to go on a strict diet. Let’s call it “Diet Centene!”
So..fewer plans, fewer members, fewer associates, etc..etc.. Maybe when it’s all done it’s half the size it was, but easier to sell.
Not a surprise but I dare say they are not going to recover from this Medicaid debacle no matter how many people they lay off. Greed never has a good outcome.
Not necessarily shocking. There are only so many ways to fix that deficit. Headcount is always the most expensive but also a fast way to save cash.