MSK Announces Job Reductions Due to Soaring Expenses
Memorial Sloan Kettering Cancer Center Announces Workforce Reductions
In a move to address a significant budget deficit, Memorial Sloan Kettering Cancer Center (MSK) has announced that it will be implementing workforce cuts. The news was sent to MSK employees in an email on Monday and later confirmed by a spokesperson for the hospital group.
According to the email, MSK is planning to cut less than 2% of its workforce, which currently stands at 21,175 employees as of last year. The exact number of employees that will be affected by the cuts has not been specified.
The budget deficit for the upcoming year is over $200 million, and the cuts are part of MSK's efforts to reduce expenses and address this deficit. The hospital group has already started to lower expenses by closing some open job postings.
The departments of pediatrics, surgery, and anesthesia are likely to be affected by the staff cuts in the next two months. However, the email did not disclose the specific departments that will be affected, and the message did not specify which departments would be subject to cuts.
The workforce reductions will occur over the next two months. This decision comes as MSK faces financial challenges due to the pandemic and its impact on healthcare services.
MSK is one of the world's leading cancer hospitals, and this announcement has raised concerns among patients and employees. The hospital group has assured that patient care will not be compromised during this period.
This is a developing story and more information will be shared as it becomes available. MSK remains committed to providing the best possible care to its patients while navigating these challenging financial times.
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