Penn Medicine eliminates 300 jobs to ensure ‘strong financial footing’

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The University of Pennsylvania Health System in Philadelphia is eliminating about 300 jobs across the organization to address “continued pressures and changes in the field” and ensure “strong financial footing,” a spokesperson for the system said in a statement shared with Becker’s.

More than 100 of the positions were either vacant or held by employees who had already shared plans to retire in the coming months, according to the health system. 

Penn Medicine has about 49,000 employees, with the job cuts representing about a 0.5% reduction in its workforce. 

“The position eliminations will not result in discontinuation of any patient care services or programs,” the health system said in a statement. “Individuals currently working in the eliminated roles have been notified and will receive salary and benefits continuation for a period of time consistent with UPHS policies, as well as career transition services to help obtain other positions.”

Penn Medicine did not respond to Becker’s inquiries about the types of positions affected, including whether any are in management or leadership.

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