Centene offering buyout plans to its employees due to low Medicaid enrollment.
https://www.reuters.com/legal/litigation/centene-offers-most-staff-buyouts-after-obamacare-member-losses-bloomberg-news-2026-06-15/
12 replies (most recent on top)
@dp Exactly. This is why they're called LOCUSTS.
Got it. Yes. I’m kind of in the same boat. About 5 years from when I’d likely retire. But if in a couple of years I get riffed and get that sweet 6 months or whatever (I’ve been here 15 years) I’d probably not look to get another corp job again.
They should offer a voluntary package either to leave or retire early. The problem is they'll lose people they want to keep. A lot of people would jump on an early retirement offer, but decimation is better for the short term stockholders (and senior leadership). This company doesn't have any long term vision. SLT exists to fleece as much money as they can and leave the ruins behind.
The severance package changed about 3 or so years ago very quietly. Not sure when. It was never announced. When layoffs started heavily about 2 years ago I looked at it and saw the change. Yes it used to be a straight severance package based on years of service. now it is after unemployment compensation, still based on years of service and to my knowledge that part has not changed. If you are old enough to retire and have worked for the company long enough they remove the employment stipulation, from what i understand from others. Holding out as long as i can. Hopefully i will be riffed before i actually put in retirement and get some extra $. Thats how im looking at this,
Didn’t they change the severance deal at one point? I feel like the current deal of paying you the difference between unemployment and your salary is not always how it was,
@bw I agree. Heard the same thing. They were surprised how many people years away from full retirement age took that early retirement package back then just to get out, have time to recover from this place and look for another job. I heard they will never make the offer again because of that. Cutting supp to a max of 6 months regardless of time served made riffing people more economical for the company.
ELV will probably never offer this again, although many of us wish they would.
I think it was 10-12 years ago that this was offered (mostly for IT people) and so many people took the buyout, I think the company was shocked and it actually hurt them more than it helped. Tons and tons of knowledge and experience was lost.
Not that they really care these days...
Would be awesome-
@ab I know it's unreasonable but I am getting to the please just fire me stage. No growth, no leadership, everything is one way today and tomorrow another way
No they keep inventing new ways to sc--w us over. I’m pretty sure they’ll find a way to get rid of severance soon.
Company already did that years ago. It’s really for older workers. There are no more older workers because they laid them all off, so a buy out doesn’t make much sense.
No. They will just have mass layoffs. Place is a hot mess.