Clayton, Missouri-based Centene Corporation, a managed care company serving as an intermediary for government-sponsored and privately insured healthcare programs, has announced a restructuring and cost-cutting initiative.
The reduction in force will impact 2,0000 employees companywide.
A company spokesperson noted, “Centene is committed to improving the health and health care of the members we serve. We are investing to deliver value for our customers now and into the future, both by leveraging our size and scale and by rightsizing our cost structure. We routinely assess our workforce to ensure we have the talent and expertise necessary to support our members and the evolving needs of our business. Our decision was not made lightly and impacts approximately 2,000 employees, just over 3% of our workforce. Centene will support impacted employees with severance packages and outplacement services, consistent with our standard approach.”
The company appears to be impacted by changes in Medicaid regulations in the company's service area which will reduce eligibility requirements for thousands of now-covered patients.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?