Thread regarding Centene Corp. layoffs

7 Questions About a Centene Acquisition (or breakup)

There has been a lot of speculation here about whether we are being prepared for a sale, breakup or some other mega restructuring.

No one here knows if that is actually happening. But with the layoffs, VSP, outsourcing, business exits and all the Mission Simplfy changes, it seems worth asking what employes are seeing internally.

  • Are you seeing bus units being separated or simplified in ways that would make them easier to sell?

  • Are shared functions like finance, HR, tech or ops being split more clearly by line of business?

  • Are leaders asking for more detailed reporting on headcount, budgets, profitability or costs by individual business unit?

  • Have you seen unusual work around contracts... systems, vendors, assets or employee lists that seems designed to identify what belongs to each part of the company?

  • Does the Cognizant outsourcing look like normal cost cutting??? or does it look like Centene is trying to reduce the amount of internal infrastructure it carries?

  • Are there certain businesses, markets or LOBs that look more likely to be sold, exited or separated than others?

  • For people closer to leadership, finance, strategy or integration work, does what you are seeing look like normal restructuring, preparation for a breakup (preparation for a sale,??) or something else?


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| 18 views | | 8 replies (last 2 days ago) | Reply
Post ID: @OP+1m2z2fdmr

8 replies (most recent on top)

CNC is too large to buy as a whole so it wound definitely go in parts. In a weird way, the more we simplify and consolidate systems and teams the harder it is to break apart later.

Ironically I think what has prevented a buyer is the lack of clear definition, but simplify seems to what to blend it together.

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Post ID: @r1+1m2z2fdmr

@a9 - I find this to be an interesting take. In NY, the Medicare sales team was pretty much decimated. And this was WC . Just about everyone upstate and downstate lost their jobs with the exception of ridiculously high producers. Now I see that there are postings for NYC Medicare Sales.
Its really hard to say whats going to happen at this point, but it's always interesting to see how its going to be spun

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Post ID: @kn+1m2z2fdmr

Fingers crossed Humana buys it. That will give the senior leadership clique that came from there a taste of their own medicine.

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Post ID: @fk+1m2z2fdmr

@ew Mission Simplify

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Post ID: @ey+1m2z2fdmr

@d2 what is MS?

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Post ID: @ew+1m2z2fdmr

We are not being sold but MS will result in a MASSIVE organizational and operational change. Probably before end of year but might end up shifting to Q1. Touches every corner of the company. This does NOT necessarily mean layoffs. It just means change.

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Post ID: @d2+1m2z2fdmr

Cigna is the best bet, as it will round out their portfolio and has the least conflict of interest of the big insurers. Amazon could also be in the mix as it would amplify their current healthcare offerings.

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Post ID: @cy+1m2z2fdmr

My money is still on Humana being involved in someway or the other.

If Humana does not seek to buy Centene, Humana may instead look to sell their Medicare portion to Centene so that Humana could just focus on their Medicaid LOB and their HomeHealth and CenterWell Clinics. If not sell, then maybe have a merger with Centene and still have them assist with the portions I just mentioned.

Centene already has a fair amount of leadership that used to work for Humana, which makes me suspect this.
Some naysayers will object to these possibilities but I don’t really care what they think, as they probably have ulterior motives for doing so.

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Post ID: @a9+1m2z2fdmr

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