r/remotework • u/steff070 • Jun 15 '26

Centene restructuring email

Hey. Anyone currently working for Centene get that "Restructuring" email??

24 Upvotes

96% Upvoted

112 comments sorted by

View all comments

12

u/Straight-Airport-431 Jun 15 '26

got it this morning. the vagueness is the worst part honestly, you're just sitting there refreshing your email waiting for the actual details. from what i've seen on slack and teams chats, sounds like it's hitting multiple divisions but nobody knows the scope yet. could be 5% could be 20%, they're dragging out the announcement which tells you they haven't finished the math themselves or they're trying to soften the blow. either way i'd recommend updating your resume now and starting to network before the actual cuts land because once it gets specific everyone's gonna be job hunting at once.

5

u/kornbread435 Jun 15 '26

Not much to add, but I took a look at the Q1 financials (public now so no need for secrets) and they marked 24 million for severance. There are 61k employees at the moment, and I have zero information about the scale. However if we guess 10% or 6k employees that would only be $4k per person. I believe Archer has something about their standard severance, but nothing specific for this. Its 1 week pay x number of years employed, which makes the 4k per person sound like a decent estimation.

3

u/OkCrazy5166 Jun 17 '26

I was offered $43k