PacificSource is laying off 134 employees in Oregon, its second round of cuts this year tied to the insurer’s decision to exit Montana and the individual line of business.
The layoffs, effective Dec. 31, will affect offices in Bend, Portland, Salem and Springfield, according to an Oct. 20 notice to the state. PacificSource attributed the cuts to its market exits along with “rightsizing in the Oregon market across all lines of business.”
In May, the insurer said it would lay off 97 Oregon employees for the same reasons. Last year, PacificSource laid off roughly 300 employees, citing rising healthcare costs and Medicaid funding challenges. The company also largely withdrew from Washington state in 2024.
PacificSource, which is partly owned by Portland-based Legacy Health, employs around 1,500 people and has 500,000 members across ACA, employer-sponsored, Medicaid and Medicare Advantage plans in Idaho, Montana, Oregon and Washington.
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