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GM made $23M this year

https://www.medicaldesignandoutsourcing.com/medtronic-ceo-pay-2026-executive-comp/

This is a 10% raise from 2025 Meanwhile stock down 27% last 5 years. Congratulations. Great job GM

Imagine the amount of RIFS that could’ve been saved if these people like GM take a pay cut for the incompetence. Sadly accountability doesn’t exist in this company. And instead they get raises.


RIFs are for the well-deserved !!

I have never met a bad person that got RIFFED. It was always the nice ones that were at or close to retirement . People look at it as a punishment but in reality it’s the company way of rewarding the good ones . The truth is everyone I know wants that package but too bad the company will determine who is deserving of it .


No more RIFs

Get back to work!

Before you downvote or respond with a negative comment, think for a moment (be aware) why you are doing so. Is it because you want to be put out of the misery but this post pours cold water over it?


Q3 action?

The stock hasn't been able to gain (or hold onto) much ground and the close of Q3 looms. Anyone hearing about more RIFs coming? Do we have dates?

I know we're always on alert and no day is safe, but I'm talking about confirmed plans beyond just the feeling of another shoe always about to drop.


Love Medtronic!

Hello everyone! Hope you are all happy and healthy! I was part of the RIF that occurred last May and to say the least I am still a faithful employee .Over the past 25 years this company has helped me raise my kids, put food on my table and paid my bills on time . I have loved and hated my job but at the end of the day , still happy to have one. I have met some of the best people which in return made me a better person . You know who you are and I will always be forever thankful to U . What is there to complain about but only to be grateful..No job is perfect but if are still working for this company , consider yourself “Blessed’’. Farewell Medtronic and god bless you always! ❤️🙏


Severance from layoffs earlier this year, and how are you all doing?

What was the severance?
2 weeks of base pay per year?
Was it capped at 6 months, is the important question?

I see talk here and there but never truly confirmation.

How is everyone who was laid off?

Do you think there will be any voluntary or involuntary RIF with pay this year?


Questions About COBRA

I’m being RIF’d September 4 and I’m also due later that same month 😭 Has anyone dealt with COBRA through Centene? I’m wondering how enrollment works, whether there could be any lapse in coverage, and how I would add my newborn after delivery. Any tips or advice would be greatly appreciated!


Reminder: only work hard enough to keep your job

I’ve seen too many high performers impacted by RIF over the past two years. You can give it your all and they will still axe you despite doing exactly what you are asked to. No one is safe.

Don’t give this company all your time and energy. In 20 years the only people who will remember that you worked late are your kids.


Drew, What Happened to the “Sustainable” 3.3% Margin?

I’m not sure why analysts continue treating each new Centene C-suite promise as if the last one was delivered.

In 2021, Centene told investors it was targeting a 3.3% adjusted net income margin, with the benefits of its margin-expansion plan expected to materialize in 2023 and 2024.

Drew Asher was specifically named as one of the executives driving it.

Here is what Centene actually delivered, using its own adjusted earnings and premium-and-service revenue:

  • 2021: 2.58%
  • 2022: 2.48%
  • 2023: 2.60%
  • 2024: 2.58%
  • 2025: 0.59%

Four straight years of approximately 2.5%, followed by a collapse to 0.6%.

They didn’t briefly reach 3.3% and fail to sustain it. They never reached it at all.

Employees were reorganized, outsourced, offshored and RIF’d in the name of “margin.” Meanwhile, the executive specifically charged with delivering margin expansion missed Centene’s own target every single year.

Apparently, “accountability” is another expense Centene decided to eliminate.

Question to the Board: when does Drew get RIF’d???

Target:
https://filecache.investorroom.com/mr5ir_centene/114/CNC%20MS%20Conference_Final.pdf

Results:

https://investors.centene.com/2022-02-08-CENTENE-CORPORATION-REPORTS-2021-RESULTS

https://investors.centene.com/2023-02-07-CENTENE-CORPORATION-REPORTS-2022-RESULTS

https://investors.centene.com/2024-02-06-CENTENE-CORPORATION-REPORTS-2023-RESULTS

https://investors.centene.com/2025-02-04-CENTENE-CORPORATION-REPORTS-2024-RESULTS

https://investors.centene.com/2026-02-06-CENTENE-CORPORATION-REPORTS-2025-RESULTS-AND-ANNOUNCES-2026-GUIDANCE


Looking for RIF-proof role to stay in for next 20 years until retirement

With all the talk about RIFs lately, I'm thinking strategically about my next move here.

I'm not necessarily looking to grow, lead, innovate, take on stretch assignments, contribute, or “make an impact.” At this point, I'd really just like to find a role that is unlikely to be eliminated or increase in responsibilities, and that I can comfortably occupy for the next 20 years until retirement.

Ideally I'm looking for something where:

  • The work is important enough that they can't eliminate the position, but not so important that people can easily identify what I do
  • Answers within the parameters of a maximum of 4 possibilities, no judgment or thinking required
  • Clearly defined responsibilities so I can confidently say “that's outside my scope.”
  • There is little expectation to volunteer for additional work.
    -“That's how we've always done it” is considered a perfectly acceptable process improvement strategy.
  • My eventual career goal of “retiring from here” is viewed as a strength rather than a lack of ambition.

For those of you who have successfully moved internally to survive multiple rounds of RIFs: what types of roles should I be looking for?

I'm trying to find my forever home here, not my next career challenge. Ideally, I'd like to get into a role where I can learn a minimum, and then hand everything else off to someone who is still interested in career development.

Any internal career survival experts have advice on which jobs we have internally that suit these goals?


RIFs today

Someone crucial to the daily and long-term operations of our team was let go today in a RIF. Our work will slow down and become more difficult because of it. Those we support will feel the consequences, too.

Don’t let anyone tell you that those let go are only the bad employees. This was someone with years of dedicated service who performed at a high level. Leadership at this company is only interested in a short term gains. There is no longterm strategy.


Quantity over Quality

The company is upside down. They look at numbers oppose to quality of client support and ability to decrease the workload. Company really should rethink the process and start RIFs from top to bottom. Way too many Leads, Sup, Manager, director positioned in terms of the acquired workload chain.


Any PLs here who can share what their decision-making power is re: ISP?

I want to know if direct PLs were given any say in exactly who they let go from their teams. I’m also just curious about the criteria for who stays and who goes in general. Were you told a number or a job title you had to RIF, were you given exact names, was it based on past performance, etc?

My team lost its newest hire (who was honestly great, so I’m bummed for them) plus someone who’d been around for 5-10 years and was admittedly unexpected — unless PLs got to choose.


LinkedIn Post

So Cameron is interviewed by “Business Roundtable” who in-turn post on their LinkedIn page , QUOTE- “ The American Dream is all about opportunity, the belief that with hard work, determination and the right support, you can really accomplish anything in this country “ -Cameron Brady

Are you kidding me ? What kind of lies from the straight pits of he-l is this non sense and did McKinsey write that for him . Tell that to the countless bodies, families and lives shattered over the last years since his tyrannical leadership and 1000’s of folks ( many really good folks ) laid off after their “hard work and determination” got them a big fat RIF.

Nobody that has any sense and knows Global Payments believes this cr-p and is drinking this kool aid juice are they ?


I’m cooked, my SD asked me if I wanted the next RIF package

I believe I’m cooked my manager asked me if I wanted to take the next rif package. He then asked me if I was ready to retire. I’m The only one left onshore for my team so I feel like they’re gunning for me for the next rif. I make $184k including STI bonus. Do you think I’m overreacting?


Personal Docs and Contacts

I was let go last September and at least had a Zoom call, unlike the March mass e-mail RIF. Now that Oracle has a taste for e-mail RIF I can't imagine they go back to hundreds or thousands of zoom calls. Either way, if you are on the list your computer access will be disabled almost immediately after notification. Get your personal documents off of your work computer while you can, and ask for the personal contact information for people you want to keep in contact with. You won't have a chance later on. When Oracle decides they are done with you, you are done in an instant.


Are rumours blowing up too much?

Last year, the 10-K seemed to foreshadow a significant round of layoffs, given Oracle’s roughly $2B restructuring budget.

The FY27 10-K, by comparison, indicates about $300M in restructuring costs, and at least some of that appears to be tied to completing restructuring actions initiated in the previous fiscal year.

Am I missing something, or is this year’s restructuring budget much more in line with Oracle’s typical fiscal-year spending rather than suggesting another unusually large RIF?