Prior to initiating layoffs, Cleveland Clinic is offering early retirement packages to roughly 3,000 of its 44,000 employees, according to the report.
Cleveland Clinic is cutting costs across the system, with administrative departments cutting 6 percent of their budgets and clinical departments cutting 4 percent, according to The Plain Dealer.
A system spokeswoman pointed to healthcare reform as the reason Cleveland Clinic is slashing its budget. “Healthcare reform has really changed things, and the burden of cost is going to be falling on the patients. We want to make sure we can keep care affordable,” she told The Plain Dealer.
More Articles on Hospital Layoffs:
Vanderbilt University Medical Center to Cut More Than 1,000 Jobs
Southcoast Health to Lay Off Dozens
Texas Medical Center Lays Off 96, Mostly in Management Positions
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
