Molina Healthcare to lay off 60 employees this month

Molina Healthcare will lay off 60 Long Beach, Calif.-based employees this month as part of its reorganization effort, the Press-Telegram reports.

The job eliminations are part of a strategy to cut 1,500 positions, unveiled in July. The decision came after Molina posted a $230 million loss in the quarter spanning April to June.

The most recent layoffs are in addition to the roughly 500 California layoffs Molina disclosed earlier this year.

More articles on payer issues:
Anthem's year in review: 5 biggest stories from 2017
BCBS of Michigan faces backlash for billing therapists $4M in overpayments: 4 things to know
BCBS subsidiary to lay off 264 employees after losing 3-state Medicare contract

© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months