Humana Announces Job Cuts

by Rick Howlett on February 17, 2010

Louisville-based insurer Humana announced Wednesday it will cut its national workforce by 1,400, including 750 full-time positions in Louisville.

Spokeperson Jim Turner says it’s a response to a decrease in enrollment, which fell 11-percent last year.

“A signifcant contributing factor to that is what’s happening in the overall economy and the resulting employment losses experienced by some Humana customers groups, and as the company indicated in the announcement this morning, reducing the workforce is a direct result of Humana’s need to align the size of the company to that of our membership,” he said.

Turner says the company will try to make as many cuts as possible through attrition.

Humana is actually cutting 25-hundred jobs nationally but adding 11-hundred new positions in areas such as pharmacy management and specialty products.

The company has about 10,000 workers in Louisville.

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cj February 17, 2010 at 1:31 pm

Humana reported record profits in the 3rd quarter of 2009. Profits as much as 65% over last year- this is all about greed. They keep their profits up by dropping people that need health care the most and eliminating high paying jobs for “new” lower paying jobs. They need to be investigated- read their Q3 profit statements on any business website.

cb February 17, 2010 at 10:06 pm

Humana experienced an 11% decrease in membership last year (losing more than a million members) and they are adjusting their workforce accordingly – in fact they are only reducing their workforce by 5%. Obviously they don’t need as many employess to support a smaller membership base. To say they need to be investigated for the layoffs is just nonsense…..any other company that loses a significant portion of its business would have to do the same. When Humana’s membership increased, the increased their membership accordingly. It’s good business sense and its common sense.

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