Humana to lay off 1,300 employees

Louisville, Ky.-based Humana will lay off 1,300 employees in early 2018, according to the Courier Journal.

The insurer announced the layoffs, which will affect about 3 percent of the company's workforce, in an email sent to employees Monday. The insurer said another 1,150 employees accepted voluntary buyouts, which were offered in September. To be eligible for the buyout, employees had to be age 55 or older, have at least five years at the company, and have a combined age and years of service totaling at least 65 years.

Becker's Hospital Review reported in March that Humana would lay off an undisclosed number of employees as part of the insurer's growth strategy following its unsuccessful bid to merge with Hartford, Conn.-based Aetna. At that time, a Humana spokesperson told Becker's the layoffs were part of a plan to create "new jobs that are aligned with the company's enhanced growth strategy … and phase out positions that are no longer as aligned."

Affected employees may apply for the more than 1,450 open positions at Humana. Those who do not secure a new position within the company will receive career counseling, severance pay and help finding a new job, according to Insider Louisville

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