Thread regarding CHI St. Luke's Health Baylor College of Medicine layoffs

CHI ST LUKES LAYOFFS 2017

Almost 500 people will be cut, this is bring the numbers up over 1000 after several rounds of cuts.

The purge, which includes 459 layoffs, has brought the total number of cuts at Catholic Health Initiatives' Texas division since August to 1,295, about 30 percent more than MD Anderson Cancer Center's 1,000-employee workforce reduction in January. In those seven months, St. Luke's has laid off 810 employees, compared to MD Anderson's 788.

Chi has almost 20 locations, I don't have numbers for additional locations. St Lukes is a big one but still, the numbers are scary.

http://www.chron.com/news/houston-texas/article/CHI-St-Luke-s-announces-biggest-round-of-layoffs-11039272.php

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Just the beginning.

The exponential growth in the industry was fueled by debt and low interest rates, and nothing more.

Now that party is over. Too bad people in the industry are clueless.

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