Cone Health to lay off 150
GREENSBORO, N.C. — Cone Health plans to lay off 150 workers to help cut $30 million from its budget.
Cone will eliminate a total of 300 jobs — 150 of which are currently vacant — over the next three months, said Terry Akin, Cone Health president and chief operating officer.
The positions amount to roughly 3 percent of Cone’s complement, which is about 10,000 people.
This has impacted types of positions that cut across the organization at all levels,” Akin said, “and we’ve done our very best to minimize impact on patient care.”
Akin said cuts in Medicare and Medicaid reimbursement at the state and national level, as well as cuts in other public sources of money, forced the health system to act.
“We’re literally backed into a corner,” he told the News and Record.
Akin said the medical center found $11 million it could cut by consolidating programs or changing work processes.
But that left $19 million on the table, Akin said.
“We had nowhere else to turn than with staffing.”
Employees will be notified in the next week to 10 days.
In the next three months, the positions will be phased out.