Thread regarding Centene Corp. layoffs

Questions I Would Take to Leadership

After reading the VSP offer, details & information and the FAQs, these are the questions I have for leadership. Please feel free to add to the list:

  1. Can employees review the Separation Agreement before making a final decision? We’re being asked to make an irreversible decision (if our application is accepted) before seeing the actual release language.
  2. What is the true amount I will receive of if I accept the VSP? Not the estimated amount. The concern is the amount maybe lowered after our application is approved.
  3. If I decline the VSP and am later laid off, what severance amount would I receive? This amount could be lower or higher and plays a big part in the decision.
  4. What percentage of VSP applications are expected to be approved?
  5. What will my monthly health insurance cost be during the 6-month COBRA subsidy?
  6. What will the full COBRA premium cost after the subsidy ends?
  7. When should employees expect the lump-sum severance payment?
  8. If rehired by Centene, what repayment obligations apply?
  9. How will unemployment benefits be affected by the VSP?
  10. What happens if my VSP application is approved but business needs change later?
  11. How likely is it that accepted applicants will receive a September 1 separation date? The FAQs state the dates may vary.

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Post ID: @OP+1kv8xr2ar

11 replies (most recent on top)

@OP Great questions. How do we get the company to answer? They are not being transparent at all and keeping important information such as what youre asking ambiguous intentionally.

Almost feels like this will turn out to be a big "gotcha moment" that will sc--w the employees over in the end. Hey, all you media people tracking this board, if you want to be of any help, can you please chase down some of these answers or help put the pressure on so they are forced to provide more clarity? Seems they only care about publicity these days instead of "we do what's right, even if it's hard." Another story idea that would be worth checking into for all tax payers to know is their famous line "We have a local approach with local teams living in the communities we serve." Since when did offshore workers become considered local teams?

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Post ID: @ea+1kv8xr2ar
  1. If you are Rif’d later, you will likely get 4 weeks less than package today. The package is richer but only by 4 weeks. And from what I hear, cuts will absolutely come in Sept. as well. CN is now basically forcing everyone to work less and care less for the next 3 months. Fun times.
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Post ID: @d9+1kv8xr2ar

@ag great questions!! Thanks for sharing

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Post ID: @ax+1kv8xr2ar

“Are you tracking who looks at their VSP offer?”
“If I register is it considered an indication that I’d consider leaving?”
“Does looking at the offer in any way unofficially make me a layoff target?”
“Does my leadership know if I’ve expressed interest?”
“If I get denied will my leadership find out that applied?”
“If enough people sign up will there be an equal number of fewer layoffs?”
“Will you tell us how many looked vs how many accepted vs how many were approved?”

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Post ID: @ag+1kv8xr2ar

@a3 I can tell you right now HRBP will be of no assistance in this. They’re the enforcement wing on these things and will do nothing other than tow the company line and say no more than what has been said already. In fact that has pretty much been the message already delivered to leaders, “don’t answer questions and point your people to the email and to the page”. They are not there to protect is, they protect the organization from us.

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Post ID: @aa+1kv8xr2ar

And please don’t forget that the severance is taxable by state and federal. The amount will be smaller. Severance money is treated like income per IRS.

Also make sure your state allows you to take a severance and file unemployment. Some states you can’t have both.

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Post ID: @a8+1kv8xr2ar

@a4 Please go back and read ALL of the documents if you haven’t already. The amount listed is clearly stated to be an “estimate” and may be adjusted once your application is approved and after your severance paperwork is signed. Where does it state that we can review the FINAL separation agreement after our application is approved? You’re saying they will fully cover our medical for 3 months but what is the cost after the 3 month? It does not state that you have to repay any money if rehired. It states there’s a possibility you may have to. If so, what does that look like. A lot of what was said was possibilities and left for interpretation.

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Post ID: @a5+1kv8xr2ar

1- Yes
2- they give you an amount
3- GOOD QUESTION
4- GOOD QUESTION
5/6- They are fully covering 3 months
7- Lump sum next pay period after separation date
8- You have to pay back
9- based on state
10- still may be RIFs
11- TBD

BASED ON EMAIL I RECEIVE AND MY PACKAGE

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Post ID: @a4+1kv8xr2ar

Love this will use for my department meeting next week. Also I would suggest requesting an HR rep in your meeting if you do have one

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Post ID: @a3+1kv8xr2ar

All excellent questions! But you know either no one is going to know the answers, or if they do they aren’t going to share them.

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Post ID: @a2+1kv8xr2ar

@OP very good questions!!!!

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Post ID: @a1+1kv8xr2ar

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