Centene Lays Off 2,000 Workers Amid Changes to Insurance Business

Centene to lay off 2,000 workers, 3% of its workforce, as business evolves
Employees to be notified between Oct 2-5, last day Dec 8
Layoffs come amid push to improve profit margins and challenges in Medicaid, Medicare Advantage
Company has shed assets, real estate footprint in recent years, embraced remote work
Medicaid membership expected to decline as states resume eligibility checks post-pandemic
Company working to rebuild Medicare Advantage quality scores which dropped in 2022

stltoday.com

Relevant topic timeline:

8/29/2023

Farmers Insurance to lay off 2,400 workers across its entire business

California-based insurance company Farmers Insurance is laying off 2,400 employees, approximately 11% of its workforce, as part of a restructuring effort for long-term growth.