![]() ![]() The major headline layoffs have seemed to have slowed since the beginning of this year. In fact, during the most challenging times for society the demand can actually increase. Regardless of the overall state of the job market, inflation and the economy in general, demand for healthcare remains stable. Obviously no company is completely immune to the impacts of a negative economic environment, so perhaps ‘recession resistant’ is a better way to describe the industry. It’s still too early to tell where Centene sits on that spectrum, but investors should take some comfort in the fact that healthcare is generally a sector that's considered ‘ recession proof’. ![]() Generally speaking the focus on efficiency has been good news for shareholders, who have seen it as a way for the company to continue to generate profits even during challenging market conditions.īut of course that positivity is not necessarily going to be there if those same shareholders are worried that even with cuts, the company may struggle. In some cases, cuts have been very positively received, and that’s especially true for the big tech layoffs earlier this year. So far this year we’ve seen a mix of reactions when it comes to layoffs. Centene will support impacted employees with severance packages and outplacement services, consistent with our standard approach.” How did Centene’s stock price react?Ĭentene’s stock dropped on the news, falling just over 1.6% to close at $69.70. A spokesperson from the company made a statement in response to the announcement, saying that, “We routinely assess our workforce to ensure we have the talent and expertise necessary to support our members and the evolving needs of our business.
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