Health Care Product Layoffs 2023

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100 hospital and health system layoffs from 2023 - Fierce Healthcare

(6 days ago) WEBMU Health Care, part of the University of Missouri, axed five unspecified hospital leadership roles as part of a restructuring. MultiCare Health System said it's laying off 229 employees, or 1% of

https://www.fiercehealthcare.com/providers/layoffs-ramping-among-hospitals-and-health-systems-heres-34-examples-2023

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Layoffs up 287% in first 5 months of 2023; healthcare sector not …

(5 days ago) WEBHealthcare companies, including manufacturers that produce health products, announced a total of 33,085 layoffs in the first five months of 2023. This is up …

https://healthexec.com/topics/healthcare-management/business-intelligence/layoffs-287-first-5-months-2023

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These Are the Healthcare Startups Doing Layoffs in …

(4 days ago) WEBHere's every healthcare startup laying off employees in 2023, from Commure to Olive AI. Rebecca Torrence. Updated. Dec 20, 2023, 7:31 AM PST. Arif Qazi / Insider. Digital health startups are

https://www.businessinsider.com/digital-health-startups-slashing-staff-this-year-healthcare-layoffs-2023

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BMS plans $1.5B in cuts through '25, with 2,000-plus layoffs

(8 days ago) WEBBristol Myers Squibb is the latest large pharma to wield the restructuring ax, with plans to cut $1.5 billion in costs by the end of 2025, including laying off more than …

https://www.fiercebiotech.com/biotech/bristol-myers-cutting-15b-costs-less-two-years-2000-plus-employees-impacted-2024

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Healthcare Layoffs Surge in the US: 2023 Statistics

(8 days ago) WEBIn just the first five months of 2023, the healthcare sector including healthcare institutions and healthcare product manufacturers, have announced over …

https://leoforce.com/blog/healthcare-layoffs-surge-in-us-statistics/

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Healthcare layoffs: 21 figures that tell the unfolding story

(2 days ago) WEBSalaries and wages tend to be a health systems' highest expense, and have grown at a median rate of 7.3 percent in the first quarter of 2023. Prices are rising at a …

https://www.beckershospitalreview.com/workforce/healthcare-layoffs-21-figures-that-tell-the-unfolding-story.html

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CommonSpirit lays off 2K, reports $1.4B operating loss

(7 days ago) WEBCommonSpirit Health last week reported a $1.4 billion operating loss and a $259 million net loss for its 2023 fiscal year ended June 30, as rebounding patient …

https://www.healthcaredive.com/news/commonspirit-reports-layoffs-14b-operating-loss-fiscal-year-2023-earnings/694613/

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Healthcare Moves: A Monthly Summary of Hires and …

(2 days ago) WEBLayoffs. Primary care startup CityBlock Health laid off 155 employees, which is about 12% of its workforce. Gig nursing platform CareRev has plans to lay off about 100 members of its staff, which

https://medcitynews.com/2023/06/healthcare-executives-layoffs/

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Healthcare Moves: A Monthly Summary of Hires and Layoffs

(1 days ago) WEBMinneapolis-based Allina Health began a round of layoffs that it said will affect fewer than 350 employees. Digital therapeutics company Biofourmis confirmed it …

https://medcitynews.com/2023/07/healthcare-executive-layoffs/

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2023 Layoffs: Finance, Health-Care Jobs Could Be Next

(2 days ago) WEBThe social media giant’s 14% decline in revenue per employee from 2019 to 2022 was one of the more extreme drops among companies in the index. Eliminating those companies leaves 45 stocks …

https://www.bloomberg.com/news/articles/2023-03-10/2023-layoffs-finance-health-care-jobs-could-be-next

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Healthcare layoffs in 14 numbers - Becker's Hospital Review

(5 days ago) WEBHere are 14 numbers that illustrate healthcare's layoff situation: Healthcare/products companies and manufacturers, including hospitals, announced …

https://www.beckershospitalreview.com/workforce/healthcare-layoffs-in-14-numbers.html

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Healthcare bankruptcies are rising. Here are five major filings so …

(8 days ago) WEBThe number of bankruptcies in 2023 are trending “materially higher” than historic data, according to Gibbins. Forty companies with more than $10 million in …

https://www.healthcaredive.com/news/healthcare-bankruptcies-rising-five-major-filings-2023/700132/

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Healthcare Moves: A Monthly Summary of Hires and Layoffs

(3 days ago) WEBThis comes after a round of layoffs that eliminated 17% of its workforce in February. North Carolina-based Novant Health laid off 160 employees who were mostly …

https://medcitynews.com/2023/10/healthcare-executive-layoffs-3/

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Centene, UnitedHealth layoffs stem from Medicare Advantage pay …

(6 days ago) WEBThe insurer reduced its Medicare Advantage footprint by 4%, or 46 counties, for 2024, according to a Stephens report. Centene likewise laid off 2,000 workers in …

https://www.modernhealthcare.com/insurance/centene-unitedhealth-layoffs-medicare-advantage-pay-cuts-star-ratings-cms

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Athenahealth announces layoffs, possible office move

(Just Now) WEBUntil 2019, athenahealth owned its 29-acre Arsenal Street campus, but decided to sell it to focus more on its health care products. The company sold the 11 …

https://www.bostonglobe.com/2023/02/02/business/athenahealth-announces-layoffs-possible-office-move/

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The Companies Conducting Layoffs in 2023: Here’s the List

(6 days ago) WEBAfter a rash of layoff announcements at the beginning of the year, some companies are cutting jobs as 2023 winds down and a strong labor market shows signs …

https://www.wsj.com/business/layoffs-2023-companies-tracker-list-11673288386

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Online posts point to layoffs at Optum, but scale is unclear

(2 days ago) WEBOptum layoffs: naviHealth CEO out; Virtual care business shuttered. UPDATED at 8:57 a.m. on April 25. Optum is discontinuing its telehealth business …

https://www.fiercehealthcare.com/payers/optum-undergoes-mass-layoffs-scale-unclear

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What to expect in US healthcare in 2024 and beyond McKinsey

(Just Now) WEBThe fastest growth in healthcare may occur in several segments. We estimate that healthcare profit pools will grow at a 7 percent CAGR, from $583 billion in …

https://www.mckinsey.com/industries/healthcare/our-insights/what-to-expect-in-us-healthcare-in-2024-and-beyond

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UPMC layoffs hit 1,000 employees, citing market challenges

(6 days ago) WEBThe nonprofit health system reported a $31 million net loss in 2023, compared with a more than $1 billion loss the prior year. Operating losses for 2023 totaled $198 …

https://www.modernhealthcare.com/labor/upmc-layoffs-administrative-employees

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98point6 hit by new layoffs in latest change at health tech startup

(1 days ago) WEBThe layoffs follow a tumultuous past several years for 98point6, founded in 2015 as a virtual primary care provider. The company saw huge growth during the pandemic and …

https://www.msn.com/en-us/money/companies/98point6-hit-by-new-layoffs-in-latest-change-at-health-tech-startup/ar-AA1nxs4D

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BenevolentAI lays off 30% of staff, exits US site in latest cuts

(6 days ago) WEBAs part of the changes, the biotech is laying off 30% of staff. BenevolentAI ended (PDF) last year with 248 employees, a figure that reflected the 30% headcount …

https://www.fiercebiotech.com/biotech/benevolentai-lays-30-staff-exits-us-site-funding-gap-looms

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UnitedHealth violated labor laws during layoffs, former employees

(3 days ago) WEBUnitedHealth Group and Optum violated state and federal employee notification laws during mass layoffs that occurred earlier this year, two former …

https://www.beckerspayer.com/workforce/unitedhealth-violated-notification-laws-during-layoffs-former-employees-allege-in-lawsuit.html

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Optum enacts layoffs, workers say - Becker's Hospital Review

(5 days ago) WEB100 largest hospitals and health systems in the US 2023 As Steward's finances stumble, spotlight turns to CEO's yachts Hackers leak Change Healthcare …

https://www.beckershospitalreview.com/workforce/optum-enacts-layoffs-workers-say.html

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Ten Things to Know About Consolidation in Health Care Provider …

(6 days ago) WEBNational health spending totaled $4.5 trillion in 2022—17% of gross domestic product (GDP)—and is projected to grow faster than GDP through 2031, …

https://www.kff.org/health-costs/issue-brief/ten-things-to-know-about-consolidation-in-health-care-provider-markets/

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Novant Health makes third round of layoffs in 2023 as it …

(5 days ago) WEBCompanies. Events. Store. In 2023, Novant Health has cut more than 200 jobs, representing the largest workforce reduction for the health system in nearly a …

https://www.bizjournals.com/triad/news/2023/12/11/novant-health-layoffs-outsources-it-services-wipro.html

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Leading Companies Announcing Layoffs And Hiring Freezes in 2024

(8 days ago) WEBLayoff Tracker 2024 – Top Layoffs of The Week. April 24, 2024: Tesla is laying off over 3,300 employees in California, many in the Bay Area. April 23, 2024: …

https://intellizence.com/insights/layoff-downsizing/leading-companies-announcing-layoffs-and-hiring-freezes/

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Abbott Laboratories: The 3 Issues That Will Define 2023 Performance

(7 days ago) WEBThe launch of Freestyle Libre 3 in 2023 will be critical to the company's share price performance. Abbott's CEO sees it as a $10bn p.a. revenue product. These three …

https://seekingalpha.com/article/4573595-abbott-laboratories-2023-performance

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Jackson Health cuts staff, faces financial issues Miami Herald

(6 days ago) WEBJackson executives told employees in March during a Zoom meeting that the first four months of its 2023-2024 fiscal year, which began Oct. 1, were some of the …

https://www.miamiherald.com/news/health-care/article286967740.html

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UnitedHealth Group Updates on Change Healthcare Cyberattack

(8 days ago) WEBChange Healthcare Service Restoration. Change Healthcare has made continued strong progress restoring services impacted by the event. We have prioritized …

https://www.unitedhealthgroup.com/newsroom/2024/2024-04-22-uhg-updates-on-change-healthcare-cyberattack.html

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Large Pa. healthcare system laying off around 1,000 employees

(1 days ago) WEBUPMC said more than 1% of its more than 100,000 employees at the Pittsburgh-based healthcare system will be laid off. “The entire health care industry …

https://www.pennlive.com/health/2024/04/large-pa-healthcare-system-laying-off-around-1000-employees-report.html

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Gov. Josh Shapiro to unveil plan to ease crisis in rural health care

(6 days ago) WEBShapiro spoke a day after UPMC, the huge Pittsburgh-based health care system with operations throughout most of Pennsylvania, announced it was cutting its …

https://www.bizjournals.com/pittsburgh/news/2024/04/25/governor-josh-shapiro-rural-health-care-crisis.html

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Providence to pay over $200 million for wage violations

(7 days ago) WEBThe result sends a message to health care corporations that if you willfully withhold wages from your employees, the justice system will hold you accountable," …

https://www.bizjournals.com/seattle/news/2024/04/22/providence-swedish-seattle-washington-class-action.html

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FTC Announces Rule Banning Noncompetes Federal Trade …

(8 days ago) WEBToday, the Federal Trade Commission issued a final rule to promote competition by banning noncompetes nationwide, protecting the fundamental freedom of …

https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes

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Fact Sheet on FTC’s Proposed Final Noncompete Rule

(6 days ago) WEBReduced health care costs: $74-$194 billion in reduced spending on physician services over the next decade. New business formation: 2.7% increase in the rate of …

https://www.ftc.gov/news-events/news/press-releases/2024/04/fact-sheet-ftcs-proposed-final-noncompete-rule

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Foxtrot, Dom's workers protest layoffs, want pay under WARN

(5 days ago) WEBHundreds of Foxtrot and Dom's Kitchen & Market employees found themselves abruptly out of work when their employer unexpectedly closed stores earlier this week, …

https://www.chicagobusiness.com/retail/foxtrot-doms-workers-protest-layoffs-want-pay-under-warn

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Tech layoffs still in spotlight after Apple and Take-Two

(2 days ago) WEBSome 263,180 employees were laid off at 1,192 tech companies around the world in 2023, according to Layoffs.fyi's data - up from 165,269 layoffs at 1,064 tech …

https://www.morningstar.com/news/marketwatch/20240420285/tech-layoffs-still-in-spotlight-after-apple-and-take-two-cuts-but-how-does-2024-compare-to-2023

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Google lays off employees, shifts some roles abroad amid cost cuts

(2 days ago) WEB"Throughout the second half of 2023 and into 2024, a number of our teams made changes to become more efficient and work better, remove layers and align their …

https://www.reuters.com/technology/google-lays-off-employees-shifts-some-roles-abroad-amid-cost-cuts-2024-04-17/

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Gross Domestic Product, First Quarter 2024 (Advance Estimate)

(8 days ago) WEBReal gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024 (table 1), according to the "advance" estimate released by the …

https://www.bea.gov/news/2024/gross-domestic-product-first-quarter-2024-advance-estimate

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