Philadelphia, Pennsylvania-based Independence Blue Cross, an independent healthcare licensee of the Blue Cross and Blue Shield Association, has announced a restructuring and cost reduction initiative including a 3% reduction in force.
The reduction will impact approximately 130 employees.
CEO Gregory Deavens notes, “In response to rapid changes in market conditions and industry dynamics, we are undertaking a careful redesign of our organization. To effectively address the evolving needs of our customers and recent market trends, we are transforming our organization structure to better position us for the future. Cost pressures and an increasingly competitive environment have caused many health-care companies to announce structural or other changes to their organizations and cost structures.”
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 terrible 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. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?