Minnetonka, Minnesota-based Medica, a medical insurer offering coverage to employers, Medicare beneficiaries, and individuals on market health exchanges, has announced it has executed a 6% reduction in force.
The layoff impacted 162 employees.
According to a company statement, "We made the difficult decision to reduce our workforce to align our resources with business priorities. Our commitment to high-quality, affordable health care for our members includes how we staff our health plan to best deliver on this commitment. People are at the heart of our organization, and we are grateful for the contributions of our impacted employees and are supporting them with severance payments, outplacement services, and other benefits as they look for their next opportunity."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?