Thread regarding Centene Corp. layoffs

Another note for those who are curious and willing to think through this logically.

I'm a PL. If my team leaves, I don't have anyone left to manage. It's in my best interest for my team to stay.

For those of you going to your PLs expecting definitive answers, remember that most of them probably don't have them. They're dealing with the same uncertainty everyone else is. They may genuinely want to reassure you, but wanting to reassure someone isn't the same as knowing what's going to happen.

At many large companies, workforce reductions don't always stop with individual contributors. It's not uncommon for management layers to be reduced afterward as organizations restructure. From a business perspective, that often follows naturally if there are fewer people to manage.

Even if you aren't directly impacted, there's a reasonable chance you'll feel the effects. You may be asked to take on additional responsibilities, promotions will halt and slow, salary adjustments may not keep pace with inflation, and over time, you may see new hires brought in at compensation levels that exceed those of existing employees.

Don't assume that staying is automatically the safer choice simply because it feels more familiar. If you're seriously considering the VSP, weigh the opportunity carefully while it's still available. Based on what I've seen, Q4 can be a much tougher environment, and your options may be more limited by then. I strongly recommend getting out now while you can.

Is it possible that there are Markets that may not be effected at all.

@a8 totally agree

@a4 I'll tell you that as a new hire Product Owner I was making more than my peers that had been there for many years, walked in the door with 182,000 base plus bonus.

@a7 Thank you

@ac agree so much. This is the most disappointing and disorganized place I’ve ever had the misfortune to be a part of. I loved it when I started as a contractor then it went to sh-t. I’ve decided to definitely take the next job offer.

Since strategy is apparently a mystery around here, we have to rely on signals. Right now there’s a hiring freeze while consultant teams are focused on right-sizing the organization and Mission Simplify. Compare that with competitors, who continue investing in enterprise AI strategy, transformation, and execution roles.

Signals in hiring tells you where leadership believes future value will come from. Our competitors are sprinting while Centene has stopped walking and gone back to crawling. Every quarter spent catching up makes the gap harder to close. They haven’t gotten anything else right in the past 2-3 years and I’ve seen nothing to expect them to do it right this time either.

It’s all smoke and mirrors and the execs will still get paid. This is 100% prop up the stock and maintain the margin.

@a8 I think you may have missed where the OP clearly stated, "this will happen in waves", meaning the 20% reduction would not happen all at once.

@a8 prior to this VSP, my PL advised our department was given a target of 25% to cut, so I don't think the OP's statement is false.

I think different areas of the business were given different targets, so I would not at all be surprised at the 20% total headcount.

@a8 1000%!!!!!

No offense, but this is laughable! Sr. Leadership! Hahahaha!
Unless you are Sarah London, Drew Asher, Lauren Tyler or Rajiv Patel, you are as clueless as the rest of us. No one is giving percentages of people getting cut, as it would negatively impact our stock price, resulting in lawsuits and insider trading investigations. I’m not saying that 20% reduction is outside the realm of possibility, as we are bleeding cash due to reduced subsidies, as well as going to lose a possible large percentage of additional members, when the work requirement go into effect, but I highly doubt anyone outside the 4 previously mentioned, are talking about numbers. All that said, I definitely think we’re on the titanic, and headed directly at an iceberg. Therefore, once the dust settles, probably closer to Nov. Dec., the Centene landscape will look very different. Sarah’s main goal is to make cuts without having to file a WARN notice, she also needs to meet Wall Street expectations, and the only way she can due that, is to cut SG&A, and this isn’t happening in one GIANT cut! It’s gonna happen in waves, post VSP. Good luck to all of us, as the Market completely su-ks! Thanks TRUMP!

@a6 job functions directly related or tied to reimbursement.

I see Learning & Development, HR, IT and Internal Communications being most impacted, followed by a reduction in those teams tied to reimbursement if some or all of those functions can be automated.

@a5 well at this share what does being money in ? It’s all going out to pay the CEO

and this is why I keep saying that those applying for the VSP are not going to "save" others. if you're on the elimination list, you're getting the boot.

I know my role is "essential", but our department does not bring money into the business.

which is exactly why I applied for the VSP. if the department survives, I anticipate 50% of us will be gone, myself included... because I'm not doing extra work.

@OP New employees and higher salaries really ?

yeahhhhh… I’m definitely quitting if my VSP application is denied.

I already knew the work load would increase and promotions would be dead in the water… but I’m not going to work myself into an early grave.

they can find someone else.

@OP yay this gives me hope they will approve me!