Texas Children's Hospital is laying off 5% of its staff to cut costs after a financially difficult first half of the year.
The hospital would not disclose the number of employees to be cut, but a 5% reduction would affect about 1,000 of the hospital's roughly 20,000 workers, the Houston Chronicle reported Tuesday. Clinical, nonclinical and leadership roles will be affected.
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Texas Children's Hospital confirmed the publication's reporting. A spokesperson for the hospital declined to provide additional information Wednesday.
The Houston-based facility recorded an operating loss of nearly $200 million in the first half of the year, a result of challenges that included a drop in patient volumes and a delayed opening of its campus in Austin.
Linda Aldred, executive vice president and chief human resources officer for Texas Children's, told the Houston Chronicle the hospital is not planning additional layoffs but does plan to cut executive compensation. Earlier this year, the hospital decreased the size of its executive team by 10% by not filling vacant positions.
The hospital had not filed a Worker Adjustment and Retraining Notification with the state as of Wednesday.
