Former employees with Elevance Health, previously known as Anthem, and its subsidiaries have taken to social media regarding an unknown number of job cuts they say are occurring across the company. Elevance confirmed "recent changes" with Becker's.
"We know the healthcare landscape is competitive, dynamic and ever-changing, and it challenges us to drive solutions that will deliver transformational impact and value to those we are privileged to serve," a company spokesperson said in late September. "As a result, we have made some adjustments to our resources to better position our company. However, these recent changes are limited in scope and will not impact our customers' benefits, services or interrupt any continuity in their access to care."
Elevance, based in Indianapolis, did not specify the number of employees affected. The company employs about 100,000 people and has not filed any WARN documents with the state of Indiana.
Across LinkedIn, former Elevance employees detailed jobs cuts they say took place in September and October:
- A former program manager for data quality wrote in October that "Elevance Health is releasing over 10,000 employees in a large reduction in force, including me."
- A former pharmacy benefit specialist said in late September that "a group of us, including myself, experienced a workforce transition as we were unfortunately laid off from our positions at Elevance Health."
- A former instructional designer wrote in October that she had been let go after 10 months with Elevance.
- A former project manager at ZipDrug, part of Elevance's pharmacy benefits division, said in October his position "was eliminated in a round of layoffs."
- A former communications manager at Elevance said in October she was "part of a reduction in force."
- A health services director at Elevance shared professional resources for employees "impacted by the reduction in force."
- A former software engineer at Elevance wrote in October that he was laid off "as a result of restructuring."
- A former release train manager at Elevance said she was let go from the company "due to a reduction in force."
The cuts at Elevance come as other large healthcare companies with insurance units have laid off employees this year, including Centene, CVS Health and UnitedHealth Group.
In its most recent financial earnings report published in July, Elevance said total revenues in the second quarter were $43.7 billion. The company's net income was $1.9 billion in the second quarter, up 13% from the same period last year.
Total medical membership at Elevance is 48 million as of June 30, an increase of 2% year over year. There are 11.8 million Medicaid members and 2.1 million Medicare Advantage members.