NewYork-Presbyterian Health System is conducting layoffs ahead of anticipated financial challenges, a spokesperson confirmed Friday.
“Given current macroeconomic realities and anticipated challenges ahead, we have made the difficult decision to reduce our workforce by approximately 2%,” the spokesperson said.
The system employs approximately 50,000 workers, according to the company’s website, meaning the cuts will impact approximately 1,000 people. The system declined to share details about the affected roles.
The reduction in force comes days after the health system and Columbia University agreed to pay $750 million to settle a sexual abuse case from 2023.
NewYork-Presbyterian is the latest health system to cut jobs amid financial and regulatory uncertainty.
The University of New Mexico Hospital, Penn Medicine, Yale New Haven Health, Mass General Brigham, Jefferson Health and Lehigh Valley Health Network have all let workers go or consolidated their leadership teams in recent months, often citing concerns about growing headwinds and financial challenges.
