UPMC lays off 1,000 employees, citing market challenges

UPMC lays off 1,000 employees, citing market challenges
Modern Healthcare; by Caroline Hudson; 4/24/24
UPMC is laying off about 1,000 employees, or slightly more than 1% of its workforce. The layoffs are effective immediately, a spokesperson said Wednesday. The cuts mostly affect non-clinical, non-member-facing and administrative employees, Paul Wood, chief communications officer at UPMC, said in a statement. ... Pittsburgh-based UPMC operates 40 hospitals and 800 doctor's offices and outpatient sites in Pennsylvania, New York, Maryland and some international locations. Its insurance division covers more than 4 million members. The 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 million.