Centene Announces Workforce Reduction, St. Louis Impact Uncertain
Centene, the largest Medicaid managed-care company in the US, is laying off approximately 2,000 employees, accounting for just over 3% of its workforce. The company cited the need to "rightsize our cost structure" as the reason for the layoffs. Centene's CEO received $13.2 million in compensation in 2022, while affected workers will receive severance packages and outplacement services. The impact on St. Louis, where Centene is based, is currently unknown.