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.

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