Humana will lay off more than 800 employees in Kentucky and several states
Health insurance giant Humana is cutting its workforce by more than 800 people in Louisville and across its operations in several states.
The Louisville-based company confirmed plans Monday to trim its payroll by 2% by the end of the year. Some employees were notified that pink slips would be handed out this week, and most would learn their fate by Thursday, spokeswoman Kate Marx said in a prepared statement.
"Humana announced a series of measures scheduled for 2020 and beyond aimed at improving productivity and positioning the company for long-term, sustainable success. These measures are in alignment with broader efforts started earlier this year to evaluate the work and cost structure of the organization," according to the statement. "Some of this work has resulted in involuntary staff reductions."
Humana is preparing to report its third-quarter earnings on Nov. 5, so the layoffs are expected to be part of the discussion about the company's 2020 forecast.
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