New York-Presbyterian has confirmed that it is reducing its workforce by 2%.
"Given current macroeconomic realities and anticipated challenges ahead, we have made the difficult decision to reduce our workforce by approximately 2%," the New York City-based health system said by statement.
Two percent represents 1,000 of the health system's 50,000 employees.
The layoffs are affecting corporate and other frontline employees, according to a comment to TheLayoff.com, an anonymous discussion board whose comments cannot be confirmed. According to one comment on the site, Dr. Steven J. Corwin, president and CEO of New York-Presbyterian, and Dr. Brian Donley, executive vice president and COO, "made it clear - and cuts are already happening! VPs started to advise their teams this week to prepare … layoff is definitely coming."
WHY THIS MATTERS
The layoff announcement comes during the same week that Columbia University and New York-Presbyterian Hospital agreed to a $750 million settlement of sexual abuse claims by patients of convicted former gynecologist Robert Hadden, according to AP. The total legal payouts in the civil cases are over $1 billion.
Hadden, 66, was accused of molesting patients during his career at Columbia University Irving Medical Center and New York-Presbyterian. He was convicted by a jury in 2023 of federal sex crime charges and sentenced to 20 years in federal prison, the AP report said.
The new settlements in 576 legal cases were approved by a Manhattan judge on Monday.
THE LARGER TREND
New York-Presbyterian is an integrated academic healthcare system that has more than 450 locations in Manhattan, Queens, Brooklyn, Westchester and Putnam Counties.
Email the writer: SMorse@himss.org