Citing the need to reduce its operating budget to offset declining revenues, the American Medical Association announced this afternoon that it would eliminate 100 selected open and existing staff positions from its 1,200-employee staff with layoffs occurring at both its Chicago and Washington offices. The cuts amount to 8.3% of its staff.
The staff reductions go in effect May 4.
This is a tremendously difficult decision for the AMA, said AMA Executive Vice President and Chief Executive Officer Michael Maves, M.D., in a news release. By taking these steps now, we will be in a position to continue our important work without compromising our future financial health. Appropriately aligning our revenues and expenses provides us with an opportunity to sharpen our focus and ensure we have the financial resources to get the job done.