Ochsner to cut 770 jobs in Louisiana and Mississippi due to rising healthcare costs.

TL;DR Summary
Ochsner Health, Louisiana's largest hospital system, plans to lay off 770 employees, representing 2% of its workforce, across its 42 hospitals and more than 200 urgent care and health centers in Louisiana and Mississippi. The cuts, which are expected to save the system between $125 million and $150 million a year, come amid skyrocketing health care costs in the wake of the COVID-19 pandemic and on the heels of Ochsner’s first unprofitable year in more than a decade. The layoffs will not affect doctors, nurses, and other patient-facing staff, and will be spread evenly across the institution’s facilities in both states.
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