Most recently, in February, Highmark laid off 132 IT and sales employees. Officials said this round of layoffs was necessary because the company’s “workforce needs to be aligned to our strategies,” according to the report.
Highmark, which operates Allegheny Health Network, the Pittsburgh-based multihospital, integrated delivery system that it acquired last April, is facing some financial pressure. Standard & Poor’s Ratings Services downgraded the system’s credit rating earlier this month, saying it’s likely Highmark will post weaker future earnings than analysts previously expected.
More Articles on Highmark:
S&P Predicts Weaker-Than-Expected Earnings for Highmark
Highmark to Eliminate Cancer Care Markups
Highmark, Blue Cross of Northeastern Pennsylvania to Merge
