The restructuring will reduce Centene’s workforce by 3,000 employees. The health insurer will also eliminate 1,500 open positions. In total, the changes will affect about 6 percent of Centene’s workforce.
The job cuts will affect areas where Centene has “significant overlap” from acquisitions, as well as where there are “opportunities to leverage our size and scale for increased efficiency,” Mr. Neidorff said.
The announcement was part of the company’s fourth-quarter earnings call. Centene ended the fourth quarter of 2020 with a $12 million loss.
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