Nashville, Tennessee-based Vanderbilt University Medical Center, an independent non-profit medical system with multiple hospitals and clinics in Tennessee, has announced a $300 million cost-cutting initiative.
The reduction in force will impact 650 staff employees, primarily in research, administrative, and other support areas.
According to a spokesperson, “In response to the impact of budgetary actions in Washington, DC, related to government-sponsored research and patient care, VUMC is reducing operating costs by more than $300 million and reducing its workforce. While this is extremely difficult, the staffing loss represents less than 2% of VUMC's total workforce. To support affected employees, VUMC is providing severance packages and other assistance.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?