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UPMC announces more layoffs, cuts

A.Davis35 min ago

UPMC is laying off 100 employees and cutting an additional 200 vacant positions as part of ongoing cost-saving measures at the Pittsburgh-based health giant.

This comes after UPMC cut 1,000 jobs in April .

"Targeted adjustments are frequently made to improve organizational efficiencies and eliminate redundancies," UPMC said in a statement.

The new layoffs come after the company said in August it lost $313 million in the first six months of the year.

UPMC said its expenses topped $14.7 billion but had $14.47 billion in revenue from its health care services, insurance enrollment plans and other sources.

The health care system employs more than 5,000 physicians at its 40 hospitals and 800 doctors' offices and outpatient sites. It reported a $198 million operating loss for 2023, down from an operating income of $162 million for the previous year. Total operating revenues for 2023 were $27.7 billion, up from 25.5 billion in 2022.

When the 1,000 jobs were cut in April, UPMC cited post-pandemic challenges as the cause.

Those layoffs were focused among non-clinical, administrative staff who don't deal directly with patients, company officials said at the time.

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