Memo Cites Job Cuts at Health Insurer Aetna
There were no further details on when the cuts would come or how many employees would be affected.
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An internal memo was sent to employees of Hartford, Connecticut-based Aetna
by Ronald Williams, chairman and CEO, explaining that “selective” cuts would
need to be made as a result of the economic slowdown, an Aetna spokesman
confirmed.
The spokesman provided no further details on when the cuts would come or how
many employees would be affected.
Aetna previously reported that its third-quarter net income dropped 44
percent to $277.3 million, primarily because of investment losses. Meanwhile,
the insurer reported that enrollment was up 1 percent to 17.7 million for the
quarter.
Filed by Jeff Casale of Business Insurance, a sister publication of Workforce
Management. To comment, e-mail editors@workforce.com.
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