- Media Coverage So Far (800 Layoffs)
https://www.courier-journal.com/story/news/local/2019/10/28/humana-layoff-more-than-800-employees-several-states/2490730001/
- Humana will lay off more than 800 employees in Louisville and several states
https://www.whas11.com/article/news/local/humana-plans-nationwide-layoffs/417-4b79e41a-2de1-4716-8059-14649ca83b4e
- Humana plans nationwide layoffs
- The two percent reduction is scheduled for 2020.
courier-journal.com
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 the 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 plans.
In its release, Humana said that they expect to maintain an employee base of 12,000 in Louisville and that many people will be given the chance to apply for open positions. Those laid off will be provided severance "or monetary pay based on years of service with the company."
This story will be updated.
WHAS 11
Published: 4:36 PM EDT October 28, 2019
Updated: 5:05 PM EDT October 28, 2019
LOUISVILLE, Ky. — The fifth largest company in Louisville announced a two percent or slightly more than 800 employee reduction by the end of the year.
According to a statement from Humana, the move scheduled for 2020 and beyond aims to improve productivity and position the company for long-term success. It also states that the measure aligns with broader efforts to evaluate the work of the organization.
Over the next three days the impacted employees will have discussions with the organization's HR department, during which they will learn that their current position will be eliminated by the end of the year.
Until that time, the employees will remain in their current position.
Humana says they will assist impacted employees by offering consulting on potential other roles within the organization or another career during their transition during a severance period.
Humana describes the severance period in five steps:
- Severance or monetary pay based on years of service with the company, and in keeping with Humana policy.
- Continued medical, dental, and vision benefits during the severance period.
- Extended use of Employee Assistance Program (EAP) services.
- If an employee is enrolled in school, college, or a graduate program and using Humana-provided tuition reimbursement, Humana will pay tuition through the end of the current semester.
- The opportunity to convert and continue life insurance coverage through a personal pay plan.