Payers are trimming their workforces and cutting jobs due to financial or operational challenges, along with contract losses.
Below are workforce reduction efforts or job eliminations that were announced or take effect in 2025. Insurance industry layoffs in 2024 are here.
Editor's Note: This webpage was updated Feb. 13 and will continue to be updated this year.
- Optum is laying off 71 employees in Basking Ridge, N.J. before April 23. The company laid off another 160 employees in New Jersey earlier this year.
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Highmark Health laid off 208 employees in Pennsylvania and New York in January at its subsidiary enGen.
- GuideWell, the parent company of Florida Blue, is laying off 3% of its workforce across 29 states.
- Arkansas BCBS will lay off about 75 employees, or around 2% of the company's workforce, by March 21.
- BCBS Michigan is offering buyouts to more than 700 employees as it targets hundreds of millions of dollars in administrative cuts. The company laid off 64 employees in August.
- WPS Health Solutions is laying off 313 employees in Monona and Madison, Wis. starting Jan. 21, 2025 due to competitive pressures and federal contract losses.
- Government Employees Health Association (GEHA), a federal employee health plan provider, is terminating 453 employees in Lee's Summit, Mo. between Dec. 31, 2024 and April 13, 2025.
- Aetna began laying off more than 600 employees at its Hartford, Conn. headquarters in 2024, most of whom worked remotely. Layoffs will continue through June 2025.