#cuts

Am I naive to think we're now safe for a while?

My alert went off this morning. Good times for another executive. From publicly available information…

Chris Koster, Centene’s General Counsel:

2023: $4.84M
2024: $5.06M
2025: $6.51M

On August 18, 2026, Koster sold 47,603 Centene shares for roughly $3.11 million. $16.4M in three years. Cha-Ching sir! Here are the stock trades:

https://www.nasdaq.com/market-activity/insiders/koster-christopher-1108982

Not bad for the top lawyer at a company whose business is largely administering taxpayer-funded healthcare.

Koster went from county prosecutor → Missouri Senator → Missouri Attorney General → Centene executive.

So basically, decades in Missouri government followed by millions a year at one of the country’s largest Medicaid contractors.

At least someone figured out how to make Medicaid profitable. But sure, keep cutting the people doing the actual work. That ought to fix the margins. And congrats, Chris. Don’t spend it all in one place.

They did layoffs this week. Lots in India. So far I have heard of a few in GHQ

Word down at the watering hole is that CFOs fixin' mandate to take a mighty sharp kn--e to everything, and he ain't fixing to waste any time doing it, neither.

Executives

• dropped the 401k match
• froze salaries for non hipos
• dropped charitable contribution match
• dropped education reimbursement
• doubled PIP percentage
• increased insurance premiums while reducing insurance quality
• conducted layoffs with the lowest severance possible
  All while making zero changes to the executive bonus and compensation program, in fact giving themselves even larger bonuses.

Remember when people said being close to the wellhead was a safe place. How is that working out in Guyana these days? We no longer want to operate anything.

I know we dont have many folks from the stores on this forum, but wanted to share this as well. These folks are working as hard as us and they are often impacted by cuts more than we are. Anyhow, I am sorry they have to go thru this and hope all laid off folks find better jobs soon.

Unclear how many

There are just too many people between the work and the results. Managers of managers, directors of nothing, and their only real skill is creating more meetings and more politics. They think they're helping, but they're really just slowing everything down. Get rid of them in the next round of cuts and we'll all be better off.

When you never know if your job will exist next quarter, you can't focus on anything but survival.

For your sanity, just assume every department will see cuts. You can either wait and see or take control and start looking now. I know that sounds harsh, but it's the reality.

Has anyone heard of any layoffs ahead or are things still quiet?

Any grumblings about more cuts or people leaving?

Any more coming this way?

What has Gunjan done since making cries about inequality, racism, not having a seat at the table, and how the C suite is full of the good old boys club to get to where she is? Nothing but major cuts, more unqualified offshore hiring, bad business practices and decisions, achieved nothing meaningful, and worst performance then her previous predecessors. It is sad to watch the downfall of US Bank.

If you think the layoffs in 2026 are bad, wait until the bloodbath coming in 2027.

When will all the Verizon segments get their own prom like Value? We are all the best in the business and want to celebrate how we play to win and drastically cut costs. It will be expensive to buy prom clothes with today’s prices, but I’ll save some money by not wearing socks. Let’s go team! One Verizon!

Every time they need to hit a number, they cut people. It's their only move.

Everything is working out well for us, and this leadership has never been the one to lay people off just for the sake of layoffs. Please, correct me if I'm wrong, but I'm done stressing over cuts, at least for now.

Are we done with cuts for now or not?

Do we know anything or are we shockingly safe for the foreseeable future?

150 service reps got fired nationwide on Friday, August 14.

I just heard that some RVP’S were on the chopping block, about to be canned, or were already canned. What’s the skinny on it?

Didn't we already go thru this earlier this year? Were not enough laid off? So many teams are so thin already. How are you expected to support clients and give them excellent service if we are already so short staffed as it is? And supposedly this company wants to invest for the long term so how do you do that with more cuts? Clients are not going to be happy if there's not enough people around to make these products better and to serve them with quality and speed. Make it make sense....

That's all this latest rumor is about. You buy a company, you get a chance to get rid of redundant positions, and somehow the number of such positions is always huge. As if not all of them are redundant, but were somehow marked as such because, why not use the opportunity to the max?

It'd be nice if they offered that option before involuntary cuts.

Is this true?

After reading so many posts on here about rankings I have realized that even though the rankings are a ridiculous practice that the company still needs them because we have so many people that don’t do anything of value for the company and they have to do a rankings system as justification for having so many pointless positions.
Also, the posts about losing execs makes perfect sense as a business to reduce waste especially at that level. Why do we have so many people in Houston when we can’t get enough people to work in the Permian/Delware? Use the extra money from reduced Houston employees to bring in quality employees where the company needs them.

Oakland city officials announced their upcoming budget will not include layoffs or further service reductions. The mid-cycle budget proposal aims to maintain current spending levels across essential services like public safety and homelessness support. Leaders emphasized that the budget relies on reliably projected revenue, not uncertain sources like the Coliseum sale. They also previewed plans for Measure E, a parcel tax aimed at funding deferred maintenance and expanding services. The full budget and Measure E spending plan are set to be released soon.

Oakland, California

https://oaklandside.org/2026/05/14/barbara-lee-budget-proposal-oakland-measure-e/

Two companies, Cenlar FSB and Optum, have announced significant layoffs impacting over 100 workers in New Jersey. Cenlar FSB plans to eliminate 50 positions at its Ewing Township facility. Optum will be cutting 57 jobs at its Basking Ridge location. These reductions were reported to the state Department of Labor via WARN Act notices. No specific reasons for the job cuts were provided in the filings.

https://www.nj.com/business/2026/08/107-nj-workers-facing-layoffs-as-2-companies-announce-job-cuts.html

It could be ≤5,000 layoffs. What do you think?

When will the official announcement of a fourth round of layoffs be made? As part of streamlining management layers — for example, one manager per 20-person team — is it possible the cuts will focus only on management-level roles, without this reflecting on any individual’s performance?

The city of Sacramento is planning to lay off or demote 37 employees to address a significant budget shortfall. A majority of these separations will impact park maintenance workers across 26 positions. Other affected departments include the Office of Public Safety Accountability and the city manager's office. The city is attempting to close a $66 million budget gap. Union representatives argue these layoffs will not solve the deficit and will harm essential services.

Sacramento, California

https://www.sacbee.com/news/local/article315644729.html

Sacramento City Unified School District has finalized layoffs for 503 positions due to a significant budget shortfall. These cuts are intended to address a $127 million deficit and save $23 million. The district faces the possibility of state receivership if it cannot manage its finances, which could lead to 5,000 employees not being paid. The majority of those laid off are hourly workers. The board is seeking alternative solutions to avoid state intervention.

Sacramento, CA

https://www.capradio.org/articles/2026/05/08/amidst-sacramento-city-unifieds-budget-crisis-503-employees-laid-off-and-receivership-looms/

East Side Union High School District is implementing significant layoffs due to financial challenges. The district faces a substantial budget deficit and a decline in student enrollment. These factors have necessitated the difficult decision to eliminate over 80 positions. The layoffs are scheduled to take effect at the start of the 2026-27 academic year. This action follows a school board vote in January.

San Jose, California

https://localnewsmatters.org/2026/03/19/east-san-jose-school-district-to-lay-off-over-80-workers-amid-deficit-enrollment-drop/

Corus Entertainment has implemented another round of layoffs, impacting employees at its Toronto radio station News 640, Global National, and Global BC. The company stated these changes are necessary to adapt to evolving business needs and ensure sustainable team structures. These recent cuts follow a previous reduction of 43 employees in mid-July. A company spokesperson assured that no news outlets will be closed as a result of these actions. The media company is currently awaiting regulatory approval for a proposed sale.

https://torontosun.com/news/national/corus-entertainment-layoffs-news-640-toronto-broadcast-staff