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Job Cuts / October 31, 2017
Humana Inc (NYSE:HUM) is laying off hundreds of employees as the company looks to trim its workforce while still suffering the affects of the failed merger with health insurance company Aetna Inc (NYSE:AET). These Humana layoffs for 2017 primarily affect the Humana At Home division. While the company has performed well on the stock market, upwards of 700 workers have been shed as a result of the company’s weakening sales and the failed Humana/Aetna merger, which is on temporary hold by a federal court over concerns that the merger would be anti-competitive.
The Humana job cuts made to the workforce extend all across the U.S. The healthcare giant, based out of Louisville, Kentucky, services over 13-million people in the U.S. and employs about 51,600 people.
Humana At Home Announced 500 Job Cuts in February 2017 Due to Drop in Sales