Thread regarding Centene Corp. layoffs

There is much more pain to come unfortunately!

Rumor has it that Quentin has instructed Drew & London to keep cutting to the bone or the C-suite will not get their 7-figure bonuses!! There hope is that whats left will start to look attractive to an acquirer!

I hope you all knew that "shared services" "regionalization" was developed with the primary objective to cut staff. All the other reasons, like "efficiencies" were B.S.

The Architects: Drew Asher, Dave Thomas, Kim Henrichsen (the primary executioner) & Jim Murray (wasn't he just very old and awful; makes you wonder how he went from COO to fired in less than 6 months, HA-HA!!).

Even if you are in a regional position you are in severe jeopardy in 2024. London is too busy writing poems to know or care. They will overwork the skeleton crew remaining with no bonuses and will attempt to take away overtime from you hourlys! So if any of those Execs start talking, be very afraid and the ones not named are beholden to the program in order for them to keep their fat paychecks, stock awards & bonuses!!

Only hope is for a company to finally purchase what lefts of this sad organization and get rid of this feckless, evil-doer C-suite!!

Centene has been becoming slowly but surely a very unethical, incapable, unable to operate organization. Which is bad for everyone, from shareholders to employees. The so called "leadership" is a reflection of that, not being part of Centene under these management badge of honor. They are very mediocre and are not ready to be successful.

Not buying that stocks, the stock buy back will do nothing but sink further the company

Quentin Koffey seems to me quite the id--t by putting 900mm in CNC with and inept CEo and CFO that is an id--t, I don't see the stock price going up with all the sh-t going on, riff people the way they will create a lot of problems

@2rhp+1qbgpI2J most of the cuts respected companies do are strategic in nature, in Centene used to be like that, this new management team, which is very incapable do the cuts in a very self harming way, not understanding the implications of what is being done, how is affecting the initiatives in place, the remaining workforce, it is very arbitrary and clumsy, it puts the company backwards in a path of destruction not of growth, so that is big part of the reason why the new management team are just a bunch white collars thief that are sinking the company, in 2024 all their lies will shatter.

In the new Centene they have riffed the best employees and have kept the cr-p, that is what is so frustrating about this place now, and what the list of high achievers that had been let go is huge, some of them were vital for the success of the company, that is big part of the reason this organization is a sinking ship, the CEO is a clown that should never be there , Michael was a business man, you were good and adding value you were a keeper, Sarah is just a petty bi--h, she had fired great people because doesn't like you in a weird way, not having a clue of what those people were doing.

I don't think most of the current, or perhaps newer employees understand that MFN did the same thing and ruthlessly cut employees every year (over a decade) I worked for this company. His last big show was cutting the 3000 in early 2021. This has never been a place to work where your job is safe. Most places if you work hard, do a good job, etc you are not laid off. That has never been the rule at Centene.

This should be posted in CNBC or Bloomberg so investors and everyone is aware of how sh---y is the leadership of this company

Good job exposing corrupt and incapable management of Centene, they are the ones have to go, not the employees, hopefully there is still some moral left in some of the board members and they have the power to clean this company and make it better

@1izt+1qbgpI2J The thread is exposing how corrupt and incapable is Centene management, and how disgusting is the power play at the top, many people spent their life building a this company and worked tireless to make it better, and now a bunch of pirates and sleazy are destroying it, backstabbing people and hurting the reputation of every body, it has to be exposed

Sigh. It’s clear by all of these comments that the company does really need to do a lot more layoffs. Honestly, it’s ridiculous.

If you’re not happy make an effort to go elsewhere. Wishing on the broken star of MFN and hoping for the good old days isn’t going to help you. Just leave.

Take charge of your own life and move on.

You can complain about inexperienced being in power but it won’t change anything. Some of us are already laid off, overworked, been in same salary grade 10 plus years and still not at the salary to get a bonus. So 10 years experience without one promotion no bonus, at risk of being laid off and to care about Csuite? Look at your largest states with the most membership that are in decline and tell me how those executives managers and directors keep a job? Look at the org charts of those states..You say its sinking, well those executives definitely won’t speak up…they get a fat check plus bonus as it falls apart. These are the PL that call you in to lay you off.We hear you. Our hands are tied and we are tired.

Centene has become very corrupt and incestuous at the top, at least with Michael there was some respect around his persona because he built the company. Now is quite disturbing what is happening.

All very true! Centene hires in executive jobs are just way out of wack, nothing makes sense. Sad is some great people that knew what they were doing are being let go.. They are becoming very bad at operating the business and it is starting to backfire.

Working in Centene you always feel that dark cloud and bad Karma around, bad place to be

Sarah London and Centene represent a great business case of everything that s wrong with Corporate America

Everyone knows Sarah is a puppet and the puppet master is the PE group, they are trying to squeeze the juice of the company but this organization is broken to the core, low morale , lack of transparency, lack of direction, nothing can save it.

Great information , that's the sh-t mediocre disgusting people leadership of Centene, this organization will never take off until they uproot all that rotten , disgusting, power hungry people.

Fair point! 100% agree. These people" leaders " are the worth of kind, incompetent, unsympathetic, unable to operate. Just there su-king the blood of the organization at the expense of grinding every one bones

if you dont like it, go find another job!

The people we report to in the health plans are far worse so at this point…we can’t care or don’t.

You take away from real concerns in this thread with the constant Sarah and Drew talk. You have one he-l of a hard on for them. Let it go!

you should really seek psychiatric help. you’re a bitter little man.