A Worcester, Mass.-based health insurance provider has announced that it is laying off 62 workers, or about 6 percent of its total workforce.
Fallon Community Health Plan President and Chief Executive Patrick Hughes said in a written statement last Thursday that the insurer made the cuts to operate as efficiently and effectively as possible.
The Telegram & Gazette reports that the statement said the decision was made “following a very careful review of our current and projected costs.”
Fallon continues to employ about 1,060 workers.
The health insurer posted net income of $7.3 million during the second quarter ended June 30. At that time, it had 229,385 members.
Fallon reported that workers affected by cuts are receiving severance and job placement services.
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