Providence Swedish to cut nearly 300 positions, citing ‘economic pressures’
The layoffs will affect around 296 positions, totaling 3.8% of the workforce, according to a news release from the healthcare provider. They will include non-represented caregivers, union roles, and open positions that will be unfilled.
Providence Swedish said it is responding to state and federal Medicaid cuts, higher costs from state policies, business and occupation taxes, commercial insurer denials, and fewer medical procedures.
“These are tough and complex — but necessary — decisions to address the significant economic pressures facing health care today,” Elizabeth Wako, M.D., president and CEO of Swedish Health Services, stated via the release. “While layoffs are never our first choice, they are needed to sustain this organization.”
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