The Cigna Group
The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers. The company's Cigna Healthcare segment offers medical, pharmacy, behavioral health, dental, and other products and services for insured and self-insured customers; Medicare Advantage, Medicare Supplement, and Medicare Part D plans for seniors, as well as individual health insurance plans; and health care coverage in its international markets, as well as health care benefits for mobile individuals and employees of multinational organizations. In addition, it offers permanent insurance contracts sold to corporations to provide coverage on the lives of certain employees for financing employer-paid future benefit obligations. The company distributes its products and services through insurance brokers and consultants; directly to employers, unions and other groups, or individuals; and private and public exchanges. The company was formerly known as Cigna Corporation and changed its name to The Cigna Group in February 2023. The Cigna Group was founded in 1792 and is headquartered in Bloomfield, Connecticut.
Layoff history
EMPLOYEES AFFECTED PER QUARTER · HOVER FOR DETAILS
Layoff timeline
4 EVENTSThe Cigna Group, based in Bloomfield, Connecticut, has announced plans to cut 2,000 jobs by the end of October 2023. This decision is part of the company's ongoing efforts to streamline operations and reduce costs amid challenging market conditions. The layoffs are expected to impact various departments, although specific details on which areas will be affected have not been disclosed. The company has indicated that these job cuts are necessary to enhance efficiency and maintain competitiveness in the healthcare sector. The layoffs are set to take effect by the end of the month, marking a significant reduction in the workforce.
The Cigna Group's division is preparing to lay off employees in the Phoenix metro area as part of its strategy in anticipation of an acquisition. While specific numbers of affected employees have not been disclosed, the layoffs are part of a broader restructuring effort. The company is aligning its workforce with future operational needs and market conditions. This decision reflects the ongoing changes within the healthcare industry and Cigna's response to evolving business demands.
The Cigna Group's division is set to lay off employees in the Phoenix metro area in anticipation of an upcoming acquisition. While specific numbers of affected employees have not been disclosed, the layoffs are part of a strategic move related to the acquisition process. The company has not provided a timeline for when these layoffs will occur, indicating that further details may be forthcoming. This decision reflects the ongoing adjustments within the company as it navigates the acquisition landscape.
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