Humana to lay off 800+ employees

More than 800 people working at Humana will lose their jobs, as the health insurer said Oct. 28 it will cut its payroll by 2 percent by the end of this year, according to the Courier Journal.

Although a Humana spokesperson did not specify where the layoffs will be made, they're expected to affect employees across the health insurer's operations in several states.

When asked by the Courier Journal why the layoffs will occur, Humana spokesperson Kate Marx said the company is "creating new jobs that support our health-focused strategy and business operating model and phasing out positions that are no longer aligned."

Humana said it anticipates its 12,000-employee base in Louisville will remain the same. The insurer encouraged those affected by the layoffs to apply to some 2,000 open positions nationwide. Those affected by the layoffs — projected to be about 832 of Humana's 41,600 employees — will be provided severance "or monetary pay based on years of service with the company," according to the report.

Read the full article here.

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