Minnetonka, Minn.-based insurer Medica eliminated 250 positions, or about 15 percent of its total workforce, according to a KARE report.
Medica attributed the cuts to a worsened financial picture last year. A Medica spokesperson told KARE 110 employees were laid off Thursday, and an additional 140 open positions that will remain vacant.
The job cuts come three months after Medica eliminated approximately 100 jobs, after dropping a contract to manage Minnesota’s public health insurance programs.
More articles on leadership and management:
Survey: 54% of physicians concerned about FDA nominee Dr. Scott Gottlieb’s conflicts of interest
6 tips for working with someone who isn’t a team player
Alice Hyde Medical Center in rural NY to eliminate 32 jobs
© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.