#cuts

Alert went off this morning. Good times for another executive. From publicly available information…

Chris Koster, Centene’s General Counsel:

2023: $4.84M
2024: $5.06M
2025: $6.51M

On August 18, 2026, Koster sold 47,603 Centene shares for roughly $3.11 million. $16.4M in three years. Cha-Ching sir! Here are the stock trades:

https://www.nasdaq.com/market-activity/insiders/koster-christopher-1108982

Not bad for the top lawyer at a company whose business is largely administering taxpayer-funded healthcare.

Koster went from county prosecutor → Missouri Senator → Missouri Attorney General → Centene executive.

So basically, decades in Missouri government followed by millions a year at one of the country’s largest Medicaid contractors.

At least someone figured out how to make Medicaid profitable. But sure, keep cutting the people doing the actual work. That ought to fix the margins. And congrats, Chris. Don’t spend it all in one place.

Team Liquid has initiated another round of global layoffs affecting various departments. Sources indicate that revised financial forecasts and broader macroeconomic challenges are contributing factors. Shifting commercial investments within the gaming market are also cited as a reason for the cuts. The termination of a major partnership in May 2025 appears to have been a significant turning point for the organization. Team Liquid declined to comment on the situation.

United States

https://www.sheepesports.com/en/articles/team-liquid-hit-by-new-global-layoffs-amid-commercial-difficulties/en

Am I naive to think we're now safe for a while?

My alert went off this morning. Good times for another executive. From publicly available information…

Chris Koster, Centene’s General Counsel:

2023: $4.84M
2024: $5.06M
2025: $6.51M

On August 18, 2026, Koster sold 47,603 Centene shares for roughly $3.11 million. $16.4M in three years. Cha-Ching sir! Here are the stock trades:

https://www.nasdaq.com/market-activity/insiders/koster-christopher-1108982

Not bad for the top lawyer at a company whose business is largely administering taxpayer-funded healthcare.

Koster went from county prosecutor → Missouri Senator → Missouri Attorney General → Centene executive.

So basically, decades in Missouri government followed by millions a year at one of the country’s largest Medicaid contractors.

At least someone figured out how to make Medicaid profitable. But sure, keep cutting the people doing the actual work. That ought to fix the margins. And congrats, Chris. Don’t spend it all in one place.

They did layoffs this week. Lots in India. So far I have heard of a few in GHQ

Word down at the watering hole is that CFOs fixin' mandate to take a mighty sharp kn--e to everything, and he ain't fixing to waste any time doing it, neither.

Executives

• dropped the 401k match
• froze salaries for non hipos
• dropped charitable contribution match
• dropped education reimbursement
• doubled PIP percentage
• increased insurance premiums while reducing insurance quality
• conducted layoffs with the lowest severance possible
  All while making zero changes to the executive bonus and compensation program, in fact giving themselves even larger bonuses.

Remember when people said being close to the wellhead was a safe place. How is that working out in Guyana these days? We no longer want to operate anything.

I know we dont have many folks from the stores on this forum, but wanted to share this as well. These folks are working as hard as us and they are often impacted by cuts more than we are. Anyhow, I am sorry they have to go thru this and hope all laid off folks find better jobs soon.

Unclear how many

There are just too many people between the work and the results. Managers of managers, directors of nothing, and their only real skill is creating more meetings and more politics. They think they're helping, but they're really just slowing everything down. Get rid of them in the next round of cuts and we'll all be better off.

When you never know if your job will exist next quarter, you can't focus on anything but survival.

For your sanity, just assume every department will see cuts. You can either wait and see or take control and start looking now. I know that sounds harsh, but it's the reality.

Blue Shield of California is implementing layoffs across the state. The company will eliminate 18 positions in the Sacramento area. These cuts are part of a larger statewide reduction of 60 jobs. The affected locations are El Dorado Hills and Rancho Cordova. This news indicates a restructuring within the organization.

https://www.bizjournals.com/sacramento/news/2026/08/25/blue-shield-sacramento-area-technology-layoffs.html

Blue Shield of California is implementing job cuts affecting its East Bay operations. The company will eliminate twenty-five positions in Oakland. This reduction represents a significant portion of the company's statewide workforce adjustments. The article does not provide further details on the reasons for these layoffs. The affected employees are located in the company's East Bay offices.

Oakland, California

https://www.bizjournals.com/sanfrancisco/news/2026/08/26/blue-shield-oakland-layoffs.html

Eagle Horizon Resources will lay off 71 workers at its Boone County mine. The layoffs are scheduled to occur later this year. The last day of employment for these workers will be October 11. The company did not provide a reason for the workforce reduction. This action impacts operations near Ashford.

https://wchsnetwork.com/2026/08/26/coal-layoffs-in-boone-county/

Has anyone heard of any layoffs ahead or are things still quiet?

Any grumblings about more cuts or people leaving?

Any more coming this way?

Nurses at St. Joseph's Medical Center are planning a rally to protest proposed layoffs of essential support staff. They argue that eliminating these roles will negatively impact patient safety and care quality. Nurses are already stretched thin and cannot absorb the duties of the laid-off employees. The union states that the healthcare system has sufficient resources to avoid these cuts. They believe patient well-being is being sacrificed for financial gain.

Stockton, California

https://www.nationalnursesunited.org/press/stockton-nurses-to-rally-for-patient-safety-and-condemn-layoffs

What has Gunjan done since making cries about inequality, racism, not having a seat at the table, and how the C suite is full of the good old boys club to get to where she is? Nothing but major cuts, more unqualified offshore hiring, bad business practices and decisions, achieved nothing meaningful, and worst performance then her previous predecessors. It is sad to watch the downfall of US Bank.

If you think the layoffs in 2026 are bad, wait until the bloodbath coming in 2027.

When will all the Verizon segments get their own prom like Value? We are all the best in the business and want to celebrate how we play to win and drastically cut costs. It will be expensive to buy prom clothes with today’s prices, but I’ll save some money by not wearing socks. Let’s go team! One Verizon!

Every time they need to hit a number, they cut people. It's their only move.

Everything is working out well for us, and this leadership has never been the one to lay people off just for the sake of layoffs. Please, correct me if I'm wrong, but I'm done stressing over cuts, at least for now.

Are we done with cuts for now or not?

Do we know anything or are we shockingly safe for the foreseeable future?

150 service reps got fired nationwide on Friday, August 14.

I just heard that some RVP’S were on the chopping block, about to be canned, or were already canned. What’s the skinny on it?

Didn't we already go thru this earlier this year? Were not enough laid off? So many teams are so thin already. How are you expected to support clients and give them excellent service if we are already so short staffed as it is? And supposedly this company wants to invest for the long term so how do you do that with more cuts? Clients are not going to be happy if there's not enough people around to make these products better and to serve them with quality and speed. Make it make sense....

That's all this latest rumor is about. You buy a company, you get a chance to get rid of redundant positions, and somehow the number of such positions is always huge. As if not all of them are redundant, but were somehow marked as such because, why not use the opportunity to the max?

It'd be nice if they offered that option before involuntary cuts.

Is this true?

After reading so many posts on here about rankings I have realized that even though the rankings are a ridiculous practice that the company still needs them because we have so many people that don’t do anything of value for the company and they have to do a rankings system as justification for having so many pointless positions.
Also, the posts about losing execs makes perfect sense as a business to reduce waste especially at that level. Why do we have so many people in Houston when we can’t get enough people to work in the Permian/Delware? Use the extra money from reduced Houston employees to bring in quality employees where the company needs them.

Oakland city officials announced their upcoming budget will not include layoffs or further service reductions. The mid-cycle budget proposal aims to maintain current spending levels across essential services like public safety and homelessness support. Leaders emphasized that the budget relies on reliably projected revenue, not uncertain sources like the Coliseum sale. They also previewed plans for Measure E, a parcel tax aimed at funding deferred maintenance and expanding services. The full budget and Measure E spending plan are set to be released soon.

Oakland, California

https://oaklandside.org/2026/05/14/barbara-lee-budget-proposal-oakland-measure-e/

Two companies, Cenlar FSB and Optum, have announced significant layoffs impacting over 100 workers in New Jersey. Cenlar FSB plans to eliminate 50 positions at its Ewing Township facility. Optum will be cutting 57 jobs at its Basking Ridge location. These reductions were reported to the state Department of Labor via WARN Act notices. No specific reasons for the job cuts were provided in the filings.

https://www.nj.com/business/2026/08/107-nj-workers-facing-layoffs-as-2-companies-announce-job-cuts.html

It could be ≤5,000 layoffs. What do you think?