Centene Layoffs Will See Health Insurance Provider Cut 2,000 Jobs

Key Takeaways

• Healthcare provider Centene will be letting go of 2,000 staff, equating to around 3% of their workforce
• The cuts are being made to ensure the company remains profitable in the face of increased competition in the government subsidized healthcare space
• While the layoff headlines have slowed in recent months, there are still plenty going on with Snap, T-Mobile, Roku, Farmers Insurance and even the Federal Reserve all reducing headcount over the past few weeks

Earlier this year we saw a raft of layoffs, mainly focused on the tech sector. Mark Zuckberg penned it the ‘Year of Efficiency’ at Meta, but they were far from the only company in SIlicon Valley making significant cuts to the workforce.

After a few hard months (and a viral website tracking every layoff in almost real time), things started to settle. Economic data remained relatively stable, inflation had begun to come and markets rallied.