The layoffs are the result of economic disruption that Nordic’s healthcare organization clients have faced, which has forced many to stop projects, cut budgets, furlough employees and reduce or eliminate functions.
Because of the economic disruptions, the layoffs are part of Nordic’s “proactive steps to remain financially stable and well-positioned,” to continue serving its more than 250 clients across North America, according to the press release.
Nordic said it came to the decision to institute layoffs after implementing various cost-saving measures over the past six months. The company is offering the displaced employees separation pay based on tenure, wellbeing assistance and career transition services.
“A workforce reduction is never something you want to do; however, we are committed to supporting our affected employees through the transition period,” Nordic CEO Jim Costanzo said in the news release. “Moving forward, this reallocation of resources will allow us to better serve the evolving needs of our clients and position Nordic for growth in the months and years to come.”
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