“The insurer said restructuring initiatives, which include severance costs and information-technology improvements, will save $400 million to $500 million a year. The 400 cuts would represent about a fifth of the senior-level workforce, according to a person familiar with the plan who asked not to be identified discussing personnel matters.”
“The insurer said restructuring initiatives, which include severance costs and information-technology improvements, will save $400 million to $500 million a year. The 400 cuts would represent about a fifth of the senior-level workforce, according to a person familiar with the plan who asked not to be identified discussing personnel matters.”
Ouch, a 20% job cut in senior level managers.
Dave, perhaps they are getting rid of some of the nastiest of the employees who have contributed to their demise.
About time.