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Centene Anticipates Significant Severance Expenses

Centene projects substantial severance costs for the current year, potentially reaching $415 million. This figure includes anticipated spending in the latter half of the year for enterprise optimization efforts. The company has already incurred $50 million in expenses related to a voluntary separation program. Centene currently employs 59,800 individuals. The insurer reported strong net income and revenue for the second quarter.

https://www.benefitspro.com/2026/07/29/centene-projects-up-to-415m-in-severance-costs-this-year/


Stop being the ideal worker

So many folks at Nike don't complain, don't cause trouble, just do their work consistently and on time, and they get rewarded by being buried in even more work. Management sees your quiet competence as capacity for more. I speak from experience. Since I started complaining and saying no to more work, my life has improved significantly.


Bonus cut!!!

My manager finally allowed me to talk to HR about a salary increase seeing as I had taken on a lot more responsibility and staff under me.
HR has told me I can have a 7% salary bump but my bonus will be cut by 5%
I’ve not had an increase in 2 years but I’m in two minds. The monthly increase is ok, not good but the bonus cut is terrible. But the way the company was a going will we even get another bonus with the debt they are going to have to pay off.

It pretty much feels they are telling me they either accept it or stay on where I am. FYI I’m not on contract

Has anyone else been thru this process lately?
I’m confused.


Soliciting to keep 401k at WF

Laid off last year found a new job but didn’t update LinkedIn for about 90 days. Updated it this week and today get a message ( solicitation) congratulations on your new job ( listing company by name) and asking me to talk to WF about rolling over my 401k. The ba--s!! You treat people like cr-p, have rolling lay offs for years , no empathy for the impact on people and then turn around and solicit me. Actually WTF. I realize it is not the fault of the individual advisor but who came up with this idea. Let’s solicit people who gave decades to this company and we treated them like trash. Yes, maybe they will keep their 401k rollover with us so we can continue to profit off them. The company no longer has a moral center. Anyone else have this happen? Also if you didn’t want me around anymore - why are you looking at my LinkedIn. Creepy


Worst experience of my life

I went from being a confident, successful professional to having to seek therapy and medication after working at US Bank. Worst experience of my life. The company is chock full of good people who have turned mean for survival. Thank god I’m no longer there, but the ptsd is real and is taking much longer than I thought it would to heal from. I hate how hard I was on myself when I worked there. The company is culture is messed up. Everyone there needs to be kinder to eachother.


And here come the displacements

When the strategy is "do more with less," somehow it's always the people doing the work who end up doing less... because they no longer have a job.
Another round of collections and IT displacements. The folks who kept systems running, helped customers, solved problems, and cleaned up the messes are thanked with a meeting and a severance packet.
Nothing says "valuing people" quite like calling layoffs a "business transformation."
Wishing everyone impacted the best. Companies can replace positions on an org chart, but they don't replace the experience, dedication, and relationships those employees built.


Not a VSP

I think some people are missing the point of other posts regarding if one should be worried about their job or not. YES alot of people know we weren’t eligible for the VSP including myself, we get that, we know…….but that doesn’t mean we aren’t worried about our jobs either! Those that have a separation date know at some point their job ends, but what about the ones that dont have that? I see lots of people saying what their department head or PL tell them, seems like you all have way more information than those who weren’t eligible for VSP. If we’re NOT eligible for the vsp does that mean we’re safe? With a lot of us having less than 2 years what are the odds we’d get cut? Ive heard nothing regarding the call center……nearly everyone on ny team has been here over 2 years……so if they all get cut by accepting the VSP or Involuntary layoffs…..what would that mean for me or my other coworkers?


So fed up with the culture in corporate

I’m seriously at my breaking point with this company. While i know it’s my choice to stay and deal with it, it still doesn’t take away that the way we are treated here is so gross. The administration, the higher-ups, whatever you want to call them, are once again not filling in roles for people who leave the company. I’m so tired of the corporate culture. They work us to death, they consolidate positions adding more workload and stress without compensating us fairly or not even at all and in return, we get an email that basically says “we hear your gripes so in return, here are 5 more refrigerators for your pantries. Are they effin for real? The people are doing all the heavy lifting, get crapped on while Tony and people 3-4 tiers below him are making a nice salary and bonus. It’s absolutely ridiculous and disgusting. A company that used to pride themselves on work and life balance has back pedaled on that significantly.


John is making money, now what about us?

John should be realizing with all this cash, employees are looking around going what about us? He and the executives will be making cash for themselves but we don’t get anything extra at all for all these record breaking results.

Him and those over paid HR goofs better start thinking of ways to give employees a bit more or the motivation to keep preforming won’t be there.


Demotions

Wells Fargo newest tactic of getting rid of bodies is to demote people. HR demoted a significant amount of people with the rationale that the work is not important (anymore). The teams were very involved with the regulatory oversight and consent orders but apparently that's not important anymore. So beware guys. It is a bit wild considering their just taking peoples titles and officer titles away, demoting some people from salary to hourly. Even directors weren't safe from the wrath.


Nearly 800 employees to be laid off

  • Wellstar stated that exactly 761 employees from the corporate and shared services functions, and certain administrative roles, will be laid off.
  • This round of layoffs will not affect any frontline medical workers.
  • The company did not specify exactly when the layoffs would go into effect.

https://www.fox5atlanta.com/news/wellstar-layoff-nearly-800-employees


No, we're definitely not family

I'm so tired of the "we're family" speech when they need me to work late or take on extra projects. The moment I ask for a fair raise, it's "business decisions" and "budget constraints." If we're family, treat us like it. If it's business, stop pretending otherwise.


Be careful of becoming too important to your manager

I've seen great employees kept in place because their managers didn't want to lose them. They make their department looks good, manager looks good, but they end up stuck because their manager sabotages their advancement for their own gain. If you've been stuck in the same position for a while and don't know why, this might be it.