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:
Workforce
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…
Horizon Blue Cross Blue Shield of New Jersey is laying off 242 employees amid broader restructuring efforts at the company. A spokesperson for Horizon told Becker’s it is facing unprecedented financial challenges due largely to rising medical costs and utilization…
Advertisement
Humana has sold a San Antonio office complex valued at $11.3 million after 35 years of ownership, the San Antonio Express-News reported Jan. 14. The sale included more than 133,000 square feet of office space and housed Humana’s call center…
Blue Cross of Idaho is implementing “organizational changes” to boost efficiency and lower costs, affecting fewer than 90 roles, a spokesperson confirmed to Becker’s Jan. 21. “These decisions were not easy to make but position Blue Cross of Idaho to…
L.A. Care Health Plan is laying off 225 employees by March 13. The insurer told Becker’s the move affects 3% of its workforce and was driven by federal and state Medi-Cal budget reductions, which subsequently led to organizational restructuring. Impacted…
The insurance sector has experienced its first year of job losses since the pandemic, according to Bureau of Labor Statistics data released Jan. 9. Four notes:
Payers are trimming their workforces and cutting jobs due to financial or operational challenges, along with contract losses.