Elevance cited “changing business needs” as a reason for the employee terminations.
A union represents 71 of the affected employees. The layoffs will officially take place from March 29 to March 31.
Former employees with Elevance and its subsidiaries took to social media last fall regarding an unknown number of job cuts they said occured across the company. Elevance confirmed “recent changes” with Becker’s. At the time, a former program manager for data quality wrote on LinkedIn that “Elevance Health is releasing over 10,000 employees in a large reduction in force.” The company said the same month it would lay off 87 employees at its office in Woodland Hills, California. In November, the company said it would terminate 57 workers in Mendota Heights, Minnesota.
In October, CEO Gail Boudreaux said the company took about $700 million in charges due to workforce adjustments and technology asset write-offs during a strategic review. Elevance employs about 100,000 people total.
