Location: San Antonio, Texas, USA.
Based on news reporting.
Universal Health Services, Inc.'s Laurel Ridge Treatment Center has announced layoffs affecting approximately 50 employees following the termination of its contract with the Centers for Medicare & Medicaid Services (CMS). The layoffs are a direct consequence of the loss of this critical funding source, which has significantly impacted the center's operations. The decision to reduce staff comes as the facility adjusts to the new financial realities imposed by the contract's termination. This move reflects broader challenges faced by healthcare providers in maintaining services amid changing regulatory environments. The layoffs are expected to take effect on October 1, 2023.
Universal Health Services, Inc. cut 50 jobs as of October 1, 2023.
That is roughly 0.1% of the 96,700 people Universal Health Services, Inc. employs.
LayoffTalk has tracked 3 layoff events at Universal Health Services, Inc. since October 2023, affecting a combined 800 employees.
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