Thread regarding Centene Corp. layoffs

Read between the lines: Unable to locate a severance policy for the peasants, eyy??

Read between the lines, my love. The following is from a LinkedIn post:

Take the severance.
Take the buyout.
Take the "early exit" package.
Take the separation package.
Take the termination package.
When your employer starts offering them, pay attention.
Because these programs are rarely about generosity.
They're usually the corporate version of smoke in the kitchen.
A re-org is coming.
A sale is coming.
An acquisition is coming.
Layoffs are coming.
Or somebody in a conference room has decided payroll needs to lose a little weight.
Earlier this year, I had a client turn down an early retirement package because he loved his job and thought the company loved him back.
"There's no way they're going to let me go."
They did.
Four months later.

The package he turned down included
1 full year of severance
6 months of COBRA
50% of his expected annual bonus

What did he get when the layoff finally came?
6 weeks of pay.
No bonus.
No extra health coverage.

That's a brutal difference.
I know people don't want to believe the company they've given years to might be setting the stage to cut them loose.
But loyalty does not protect you. Ever.
If a company starts offering buyouts, early retirement packages, or voluntary separation deals, do not just focus on whether you want to leave.
Ask yourself why they want people to leave now.
Because not taking the offer can be like assuming the gift horse isn't about to turn around and kick you square in the a-s.


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Post ID: @OP+1kvxzpv8k

4 replies (most recent on top)

@a6 , oh darling. This is just an example to show the potentially drastic difference between the VSP and “standard” layoff process. Do with this information what thou wilt! Good day.

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Post ID: @j9+1kvxzpv8k

Such a paradox, I firmly believe that I will be safe. And I also know that at the same time there really is no safety in this situation.

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Post ID: @a9+1kvxzpv8k

I see your point, but this example is a reach. I don’t think anyone is being offered a one year salary as base severance.

this example also doesn’t take into account the current economy and that it is taking MONTHS upon MONTHS to get another job.

if anything, it highlights that our older colleagues need to pay attention. this company can and will let them go with the quickness. it’s unfortunate, but it’s true.

I highly doubt those of us opting out of the VSP are in love with our jobs. maybe some of us believe in the mission, but we’re not delusional. I love having a roof over my head and groceries. I’m not willingly signing up to give away that security.

best believe we all understand the risk and know the involuntary severance package will be less. we’re rolling the dice and hoping for the best.

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Post ID: @a6+1kvxzpv8k

People are confused with mixed communication. Critical business is “safe”. Then there are people mentioning a restructure that will need people. I think people are in shock with making a decision that affects them and their families.

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Post ID: @a3+1kvxzpv8k

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