Mass General Brigham (MGB) announced significant layoffs across its hospital network due to an expected budget deficit of $250 million over the next two years. As part of this financial corrective strategy, management and administrative roles will potentially be affected, although specific numbers of layoffs were not disclosed. Senior officials highlight the need for decisive action to ensure ongoing investments and to respond to operational challenges faced by healthcare systems nationwide. Severance packages and benefits will be offered to those impacted.
"We are also facing the same unrelenting pressures affecting many health care systems across the country," Street said. "We are acting now to allow us to continue with planned and future investments."
"If we do not take definitive action now to stabilize our financial health, we compromise our ability to continue to invest in our mission," Klibanski wrote.
"The steps we are taking now to evolve our organization will play a critical role in ensuring that Mass General Brigham continues to lead, innovate, and transform the future of healthcare for the benefit of everyone," Street said in the statement.
MGB did not specify how many positions would be eliminated, and said that individual leaders are working to identify options.
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