Payers are continuing to trim their workforces amid financial pressures, growing medical and pharmacy utilization, Medicaid funding cuts and strategic restructuring. Below are workforce reduction efforts or job eliminations that were announced or take effect in 2026. Insurance industry layoffs…
Workforce
Molina Healthcare President and CEO Joseph Zubretsky earned $18.3 million in 2025. The company reported the earnings of its top executives in its annual proxy report. Mr. Zubretsky earned roughly $3.6 million less than in 2024, when he was paid…
Cigna Group CEO David Cordani earned $22.9 million in 2025. The company reported the earnings of its top executives in its annual proxy report. Mr. Cordani earned roughly $400,000 less than in 2024, when he was paid $23.3 million in…
Point32Health is laying off approximately 100 employees, or 2.3% of its workforce. “We regularly review our organization to ensure our teams and department functions are optimally set up to deliver for our members and customers,” spokesperson for the company told…
Humana’s President and CEO Jim Rechtin was paid $18.8 million in total compensation in 2025, the insurer said in regulatory filings published March 6. CFO Celeste Mellet was the company’s highest-paid executive in 2025, earning $18.9 million in total compensation,…
UnitedHealth Group is limiting employee raises to between 0% and 2% this year and laying off an unspecified number of workers, Bloomberg reported Feb. 27. Minnesota, the company’s home state, has not posted any relevant Worker Adjustment and Retraining Notification…
The insurance industry has shed more than 54,000 jobs since the end of 2024, according to new data from the Bureau of Labor Statistics. Three notes:
The Cigna Group is cutting approximately 2,000 jobs globally by the end of February, representing less than 3% of its workforce. “As we drive greater efficiency across our business, we have made the difficult decision to reduce roles in our…
CVS Health is cutting 313 positions in Aetna’s small group insurance business, according to regulatory documents filed Feb. 4 with the Connecticut Department of Labor. Most of the affected employees work remotely across multiple states but report to Aetna’s headquarters…
Managed care company Molina Healthcare is partnering with HealthStream’s MissionCare Collective — which hosts a career network and job portal for CNAs and caregivers — to expand home health aide training in an effort to create 15,000 roles, according to…
