Yale New Haven Health cuts 155 jobs over anticipated $300M loss

NEW HAVEN — The Yale New Haven Health System cut 155 executive-level jobs on Wednesday as it faced an expected loss of $300 million, resulting in the layoff of 72 current employees, senior vice president Vin Petrini said Thursday morning.

The other 83 positions were vacant, but those laid off included 51 New Haven employees, Petrini said.

The job cuts were due to economic pressures as the healthcare system expects to end its fiscal year on Sept. 30 with a $300 million loss. Even after the “organizational restructuring,” Petrini said, the system will start the next fiscal year with a $250 million deficit.

“It’s obviously an enormously difficult decision for us to do and not something we’ve done in the past,” he said. “But the financial challenges the healthcare system is currently facing are immense.”

Factors that led to the loss included rising labor costs, inflation, supply chain costs, and the loss of federal grants from the Coronavirus Aid, Relief, and Economic Security Act 2020, Petrini said. He said it also reflected what was happening in healthcare systems happening across the country.

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None of the positions eliminated were patient-facing jobs, meaning the cut will not impact patient care at all, Petrini said.

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