Thread regarding Centene Corp. layoffs

I am in the M level. I would rather have a 2% pay increase and give up the bonus. People are complaining about the bonus, but the raise equals out to be more than most bonuses because of taxes.
As far as equal opportunity in this company, that is total bull. Unless you are A kisser with the boss you get nowhere. You could be the best employee and still be denied to a person who knows less and works less. That being said- if you want promoted you have to be a kisser and do the least amount-you will move right up that ladder.

It’s obvious…they are positioning the company to be acquired by someone.

C suite gets more and more greedy, nothing new…

@2kof+1rxy5YyK

No layoffs are nothing new to Centene or any other company for that matter. That being said - it does not make it ok. Those that chime in with the "it's just business" are missing the bigger picture. Last year alone Centene laid off close to 8000+ people - in April, August and the the most recent in December. What was the justification? STARS ratings? Medicaid recerts? Or coupled with the fact that they knew they were probably going to lose their bid on the $65B TriCare contract? Or the multiple states suing them for overcharging on Medicaid Rx during the pandemic? The same company that threatened to fire people in 2020 - 2021 if they didn't get the covid shot? Yeah MFN was no better - just a puppet. He did what he was told do so he didn't lose his millions and so shareholders wouldn't lose theirs. And no I don't care what your opinion on the shot or covid is. Or is it that they are losing even more Medicaid contracts to United & Humana because they aren't fulfilling contracts & providers are over it? All of the above.

I don't know if you are newer employees or haven't paid attention when all the prior layoffs didn't affect you, but this company has had this happen many times over. They laid off 3000+ employees in early 2021 during the height of the covid pandemic. The years prior they always laid off around 1000 each year. This company is not about the people it employs or the people it serves. Greed has always been the driving factor sorry to say. Saint MFN was not as obnoxious as the current group in charge, but he made so much money, not caring in the least how he destroyed the employees with the constant cuts. Point being, layoffs are nothing new at this company.

The post below makes a lot sense to me. Our department is the perfect example of centene not caring about its employees nor are they interested in keeping our members in our plans. Our whole team are making back to back outbound calls daily with almost no break in between. The reason? So our manager can show off to their boss in our quarterly meetings how many calls we made, not interested in the slightest how we helped our members.

Quentin Koffey/Politan Capital Management, a hedge fund. He bought up a bunch of shares, and said he wanted MFN and several members of the board replaced with people of his choice. Since then, they have offshored many services in quick form, sold off several companies and real estate, and unloaded many, many employees through RIF. They've significantly reduced employee benefits, and it seems they've pretty much decided to stop looking for ways to improve business. Instead, they are looking for any and all ways to dump as many bills as possible, as quickly as they can. They don't care how poorly things operate now, how much pain they put their members and providers through, or how unhappy their employees are. Why? I am under the strong belief that they are working to make the bottom line as appealing as possible for potential buyers. That's what hedge funds do. They piece off the company and su-k it dry, before they dump it's waste. Centene's books are attractive (lots of members over several LOB). Paying for everything to keep it going is not. I 100% believe this is why they don't care that the STARS ratings have dropped, their systems are limping along or their customer service is pi-s poor. The end goal is not a good product. It is a good portfolio to sell. That's it. That's why the new CEO is nothing but a talking head. That's why the people in power are cut throat jerks. That's why the good people are leaving, from the top down. Politan Capital is working to make as much money as they can before tossing the skeleton away.

It's corpirate greed. I'm pi---d about the level M and above getting bonuses (and then complaining about how small they were!) off the work of those who gave up Saturdays, did 10 to 12 hour days, missed important events (3 funerals for me personally because of mandatory Saturdays) and for what? Just to be laid off and the management to look good so they get that bonus. I want out so bad. 32 applications to outside companies (most to competitors) and not a single call back.

I quit the first of the year. I could see the writing on the wall when my supervisor didn’t know what “shared services” meant. Transparency in this company is nonexistent! I am feeling so much better both physically and mentally after walking away.

cost cutting...

If the job market isn't bad outside, I would leave this company in a heartbeat.