Abdelrahman
Mass General Brigham Announces Significant Job Cuts Amid Financial Struggles
Mass General Brigham (MGB) revealed on Monday plans to eliminate hundreds of positions over the next two months, marking the largest workforce reduction in its history. This decision comes as the healthcare system faces projected financial deficits and continuing operational challenges across its 12 hospitals.
As the largest private employer in the state, MGB employs around 82,000 individuals. While executives did not specify the exact number of layoffs, they aim to achieve at least $200 million in annual savings, which represents approximately 2% of their salary and benefits expenditures. The layoffs, set to commence this week and continue into March, were initially intended to be rolled out gradually over several years as the health system integrated its facilities more closely. However, due to increasing financial pressures, the timeline has been expedited.
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