Humana is cutting 2,500 jobs over the course of this year, the Louisville, Ky.-based insurer announced.
Humana announces plans to trim workforce 5%
At the same time, 1,100 new jobs will be added in high-growth areas such as medical-cost containment capabilities, pharmacy management and specialty products, Humana said in a written statement.
The balance loss of 1,400 jobs is about 5% of the total workforce. The cuts will primarily come through attrition, process efficiencies, outsourcing and position eliminations, according to the statement.
“Today’s announcement reaffirms our commitment to positioning Humana for future growth,” said Michael McCallister, Humana’s president and CEO, in the statement. “This regrettable but necessary reduction in our workforce is a direct result of Humana’s need to align the size of our company with that of our membership.”
Humana’s membership fell by 11% last year, and it now has 10.3 million medical members. The layoffs are not expected to affect the company’s prior 2010 earnings guidance, officials said.
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